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Emm Ess Ltd. issued 10,000, 10% Debentures of 100 each at a discount of 10% on 1st April, 2017. Thedebentures were redeemable after 5 years at a premium of 10%. The amount was payable along withapplication. Interest was payable half-yearly. Applications were received for 15,000 debentures.Allotment was made to applicants for 10,000 Debentures and rest were sent letters of regret. Tax isdeducted at source (TDS) @ 10%.10%.​

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