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<h1>5% TDS on interest from infrastructure debt funds to non-resident individuals or foreign companies, deducted on credit/payment</h1> Where interest is payable by an infrastructure debt fund to a non-resident individual (other than a company) or to a foreign company, the payer must deduct tax at source at five percent. The deduction must be made at the earlier of the time the interest is credited to the payee's account or the time it is paid in cash, cheque, draft, or any other mode. This obligation applies to payments of interest arising from investments in such infrastructure debt funds.