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of <h1>Finance Bill 2021 amends Section 194A, ensuring no tax deduction on zero coupon bonds from infrastructure debt funds.</h1> Clause 45 of the Finance Bill, 2021 amends section 194A of the Income-tax Act, which pertains to interest other than 'Interest on securities.' Specifically, it modifies sub-section (3), clause (x), to include 'infrastructure debt fund' after 'infrastructure capital fund.' This change ensures that tax is not deducted on income from a zero coupon bond issued by an infrastructure debt fund. The amendment is effective from April 1, 2021.
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