Withholding tax on interest for IFSC-listed bonds set at a reduced rate, with extended eligibility for specified issuances. Amendment to section 194LC inserts a proviso requiring withholding at a reduced rate of four per cent for interest referred to new clause (ib), adds clause (ib) to treat monies borrowed from abroad by issuance of long-term or rupee denominated bonds issued between 1 April 2020 and 1 July 2023 and listed only on a recognised stock exchange in an International Financial Services Centre, and expands the Explanation to define 'International Financial Services Centre' and 'recognised stock exchange' by reference to existing statutes.