Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Withholding on cross-border interest: specified Indian payers must deduct tax at prescribed reduced rates for non-resident lenders. Persons paying interest to non residents or foreign companies on borrowings of a specified company or business trust must deduct tax at concessional rates: a general rate of five per cent, a reduced rate for certain rupee denominated or long term bonds listed in an International Financial Services Centre, and a separate rate for bonds issued after a specified change. The rule covers interest on monies borrowed from outside India under loan agreements or by issuance of various long term bonds, and deduction is limited to interest calculated at a Central Government approved rate.
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.
Withholding on cross-border interest: specified Indian payers must deduct tax at prescribed reduced rates for non-resident lenders.
Persons paying interest to non residents or foreign companies on borrowings of a specified company or business trust must deduct tax at concessional rates: a general rate of five per cent, a reduced rate for certain rupee denominated or long term bonds listed in an International Financial Services Centre, and a separate rate for bonds issued after a specified change. The rule covers interest on monies borrowed from outside India under loan agreements or by issuance of various long term bonds, and deduction is limited to interest calculated at a Central Government approved rate.
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