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<h1>Finance Bill 2015 amends section 194LD, extending 5% concessional tax on bond interest to July 1, 2017.</h1> Clause 47 of the Finance Bill, 2015, amends section 194LD of the Income-tax Act. It extends the period for the concessional withholding tax rate of five percent on interest income from certain bonds and Government securities. Originally applicable to interest payable from June 1, 2013, to June 1, 2015, the amendment changes the end date to July 1, 2017. This adjustment allows the lower tax rate to apply to interest payments made before July 1, 2017, and takes effect from June 1, 2015.