Tax on interest: reduced withholding rate for interest under section 194LD prescribed by amendment to section 115AD. The amendment inserts a proviso into section 115AD(1)(i) prescribing that income tax on interest referred to in section 194LD shall be at 5 per cent, ... Summary
Tax on interest: reduced withholding rate for interest under section 194LD prescribed by amendment to section 115AD.
The amendment inserts a proviso into section 115AD(1)(i) prescribing that income tax on interest referred to in section 194LD shall be at 5 per cent, effective from 1 April 2014.
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