Rupee denominated bond interest withholding applies at a concessional rate where eligible non-resident recipients receive approved-rate interest. Tax deduction at source at 5% applies to interest on money borrowed from outside India through rupee denominated bonds issued before 1 July 2023. An ... Summary
Rupee denominated bond interest withholding applies at a concessional rate where eligible non-resident recipients receive approved-rate interest.
Tax deduction at source at 5% applies to interest on money borrowed from outside India through rupee denominated bonds issued before 1 July 2023. An Indian company or Business Trust making payment to a non-resident other than a company, or a foreign company, must deduct tax at the earlier of credit or payment. No monetary threshold applies. The concessional rate is confined to interest computed up to the rate approved by the Central Government with reference to the loan or bond terms and repayment conditions.
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