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 2019: New Tax Exemptions for Non-Residents, Pension Increases, and Buy-Backs in Section 10 Amendments</h1> Clause 6 of the Finance (No. 2) Bill, 2019 amends section 10 of the Income-tax Act to exempt certain incomes from total income. A new clause (4C) exempts interest income payable to non-residents or foreign companies by Indian entities from rupee-denominated bonds issued between September 17, 2018, and March 31, 2019. Clause (12A) increases the tax-exempt portion of National Pension System Trust payments from 40% to 60%. Clause (15) introduces a tax exemption for interest income to non-residents from International Financial Services Centres starting September 1, 2019. Clause (34A) extends buy-back tax exemptions to shares listed on recognized stock exchanges from July 5, 2019.
TaxTMI 
TaxTMI 
