Concessional withholding rate extended for interest on government securities and rupee corporate bonds to later payment dates. The amendment substitutes the earlier cut-off date in sub section (2) so that interest on Government securities and rupee denominated corporate bonds payable before the substituted date is eligible for the concessional rate of five per cent. withholding tax; the amendment takes effect from the first day of June, 2015.
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Provisions expressly mentioned in the judgment/order text.
Concessional withholding rate extended for interest on government securities and rupee corporate bonds to later payment dates.
The amendment substitutes the earlier cut-off date in sub section (2) so that interest on Government securities and rupee denominated corporate bonds payable before the substituted date is eligible for the concessional rate of five per cent. withholding tax; the amendment takes effect from the first day of June, 2015.
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