Tax on interest from infrastructure debt funds now attracts a concessional withholding rate under amended section 115A effective June 2011 Amendment to section 115A(1)(a) excludes interest from infrastructure debt funds from the existing foreign-currency interest sub-clause and inserts a new sub-clause (iia) specifically covering interest received from an infrastructure debt fund under clause (47) of section 10; it also adds item (BA) to apply a concessional tax rate to such interest income of non-residents and adjusts cross-references in item (D). These changes have effect from 1 June 2011.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on interest from infrastructure debt funds now attracts a concessional withholding rate under amended section 115A effective June 2011
Amendment to section 115A(1)(a) excludes interest from infrastructure debt funds from the existing foreign-currency interest sub-clause and inserts a new sub-clause (iia) specifically covering interest received from an infrastructure debt fund under clause (47) of section 10; it also adds item (BA) to apply a concessional tax rate to such interest income of non-residents and adjusts cross-references in item (D). These changes have effect from 1 June 2011.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
