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 2020 amends Sec 194LD, extends 5% tax on interest for bonds, includes municipal securities.</h1> Clause 83 of the Finance Bill, 2020 amends section 194LD of the Income-tax Act, focusing on interest income from specific bonds and government securities. It extends the concessional withholding tax rate of five percent on interest from investments in rupee-denominated bonds of Indian companies and government securities from July 1, 2013, to July 1, 2023. Additionally, it includes municipal debt securities from April 1, 2020, to July 1, 2023. The amendment mandates that the interest rate for rupee-denominated bonds not exceed the rate specified by the Central Government. It also introduces a definition for 'municipal debt securities.' These changes are effective from April 1, 2020.
TaxTMI 
TaxTMI 
