Withholding tax on bond and GDR interest or dividends payable to non-residents applies without any threshold.

Interest or dividend income from specified bonds or Global Depository Receipts payable to a non-resident is subject to tax deduction at source. Any person responsible for making the payment must deduct tax at 10%. The withholding obligation applies to interest and dividends relating to the specified bonds or Global Depository Receipts, with no monetary threshold. The comparative treatment under the Income-tax Act, 1961 and the Income-tax Act, 2025 maintains the same payment scope, recipient category, responsible deductor, deduction rate, and absence of a threshold.

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