TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2017 amends Section 194LC, extending benefits for foreign currency and rupee bonds until July 1, 2020.</h1> Clause 67 of the Finance Bill, 2017 amends section 194LC of the Income-tax Act, which concerns interest income from Indian companies subject to a lower withholding tax rate of five percent. The amendment extends the period for eligible borrowings in foreign currency and long-term bonds from July 1, 2017, to July 1, 2020. Additionally, a new clause allows the benefit for rupee-denominated bonds issued outside India before July 1, 2020. These changes are effective from April 1, 2018, for the assessment year 2018-2019 onwards, with retrospective application from April 1, 2016, for certain provisions.
TaxTMI 
TaxTMI 
