Deduction at source on interest from infrastructure debt funds required for non-resident payees upon credit or payment. Persons making interest payments on behalf of an infrastructure debt fund must deduct income-tax at the rate of five per cent when interest is credited to ... Summary
Deduction at source on interest from infrastructure debt funds required for non-resident payees upon credit or payment.
Persons making interest payments on behalf of an infrastructure debt fund must deduct income-tax at the rate of five per cent when interest is credited to the payee's account or at the time of payment, whichever is earlier, in respect of interest payable to non-resident payees (other than resident companies) and to foreign companies.
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