u/Secret_Archive_26
Stable Money bond TDS: Form 121 goes to the app or every issuer?
I hold multiple bonds through Stable Money and I’m eligible for Form 121 because my estimated tax liability this year is nil.
Stable Money support is helpful, but I’m still confused about the actual submission chain.
The coupon is paid by different issuers, not Stable Money.
So do I give Form 121 details to:
Stable Money once
every bond issuer
the RTA/paying entity
or whoever is actually deducting TDS?
I read that there is now one UIN per PAN for the tax year and declarations to different payers get linked to it.
But does that only remove duplicate UINs, or does one submission cover every issuer automatically?
Also, if I buy another bond mid-year, does the new payer fetch the same UIN or do I submit again?
And yes, I understand no TDS does not mean no tax. This is only about deduction when final estimated tax liability is nil.
Anyone handled this for corporate-bond interest yet?
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