Infrastructure Debt Fund interest payments to specified non-residents require concessional withholding at credit or payment without threshold.

Interest payable by an eligible Infrastructure Debt Fund to a non-resident other than a company or a foreign company is subject to tax deduction at source. The Infrastructure Debt Fund bears the deduction obligation. Coverage is determined by the status of the fund and recipient and is not confined to a particular borrowing mode or bond type. A concessional 5% withholding rate applies without any monetary threshold, and tax must be deducted at the earlier of credit or payment.

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