Municipal debt securities defined for section 194LD under SEBI regulations determine scope of withholding on interest payments. Municipal debt securities are defined for purposes of section 194LD of the Income-tax Act, 1961 by reference to the meaning assigned in clause (m) of ... Summary
Municipal debt securities defined for section 194LD under SEBI regulations determine scope of withholding on interest payments.
Municipal debt securities are defined for purposes of section 194LD of the Income-tax Act, 1961 by reference to the meaning assigned in clause (m) of sub-regulation (1) of regulation 2 of the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, making the tax withholding scope dependent on that regulatory definition.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
