Tax deduction on FII income: withholding to follow the lower of domestic rate or treaty rate when certificate furnished. Where a double taxation avoidance agreement under section 90 or section 90A applies to a Foreign Institutional Investor and the investor furnishes the certificate required under those sections, tax on income under section 196D shall be deducted at the lower of the statutory rate under section 196D(1) and the rate or rates specified in the applicable agreement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction on FII income: withholding to follow the lower of domestic rate or treaty rate when certificate furnished.
Where a double taxation avoidance agreement under section 90 or section 90A applies to a Foreign Institutional Investor and the investor furnishes the certificate required under those sections, tax on income under section 196D shall be deducted at the lower of the statutory rate under section 196D(1) and the rate or rates specified in the applicable agreement.
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