Interest from infrastructure debt funds now subject to a reduced withholding tax rate under amended income tax provision. The amendment adds interest received from an infrastructure debt fund as a distinct category of interest in the withholding tax provision and creates a specific taxable item so that such interest, when included in total income, is taxed at a prescribed preferential rate; consequential cross-references are inserted to include the new sub-clause in existing computation items.
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.
Interest from infrastructure debt funds now subject to a reduced withholding tax rate under amended income tax provision.
The amendment adds interest received from an infrastructure debt fund as a distinct category of interest in the withholding tax provision and creates a specific taxable item so that such interest, when included in total income, is taxed at a prescribed preferential rate; consequential cross-references are inserted to include the new sub-clause in existing computation items.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.