Concessional withholding tax rate extended for interest on government securities and rupee corporate bonds through July 2020. Amendment to section 194LD extends the temporal eligibility for the concessional five per cent withholding tax on interest payable in respect of investments in Government securities and rupee denominated corporate bonds by substituting the terminal date from 1 July 2017 to 1 July 2020; the change takes effect from 1 April 2018 and applies to the assessment year 2018-2019 and thereafter.
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.
Concessional withholding tax rate extended for interest on government securities and rupee corporate bonds through July 2020.
Amendment to section 194LD extends the temporal eligibility for the concessional five per cent withholding tax on interest payable in respect of investments in Government securities and rupee denominated corporate bonds by substituting the terminal date from 1 July 2017 to 1 July 2020; the change takes effect from 1 April 2018 and applies to the assessment year 2018-2019 and thereafter.
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