Interest withholding: amendment exempts specified government savings bonds from clause applying to interest above the threshold. Amendment modifies the proviso to section 193 to exempt from clause (iv) interest exceeding ten thousand rupees payable in a financial year on specified ... Summary
Interest withholding: amendment exempts specified government savings bonds from clause applying to interest above the threshold.
Amendment modifies the proviso to section 193 to exempt from clause (iv) interest exceeding ten thousand rupees payable in a financial year on specified government savings bonds and other Central or State Government securities as may be notified by the Central Government; effective from 1st October 2024.
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