Withholding on interest reduced for interest on specified IFSC-listed long-term and rupee bonds issued from abroad. Interest on money borrowed from sources outside India by issuance of long term bonds or rupee denominated bonds issued on or after 1 July 2023 and listed only on a recognised stock exchange in an International Financial Services Centre will attract a specified rate of tax deduction at source; the amendment also changes a connector in the clause to broaden qualifying instruments.
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.
Withholding on interest reduced for interest on specified IFSC-listed long-term and rupee bonds issued from abroad.
Interest on money borrowed from sources outside India by issuance of long term bonds or rupee denominated bonds issued on or after 1 July 2023 and listed only on a recognised stock exchange in an International Financial Services Centre will attract a specified rate of tax deduction at source; the amendment also changes a connector in the clause to broaden qualifying instruments.
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