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>Amendment to Section 196D of Income-tax Act: Lower Tax Rate for Foreign Institutional Investors on Securities Income</h1> Clause 49 of the Finance Bill, 2021 proposes an amendment to section 196D of the Income-tax Act concerning the taxation of income from securities received by Foreign Institutional Investors. The amendment introduces a proviso allowing for income tax deduction at the lower rate between twenty percent and the rate specified in an applicable agreement under section 90 or 90A, provided the payee furnishes a relevant certificate. This change aims to align tax deductions with international agreements and is effective from April 1, 2021.
TaxTMI 
TaxTMI 
