Concessional withholding tax on IFSC-listed bonds applies to qualifying non-resident interest payments by Indian companies and Business Trusts. Interest payable to qualifying non-residents or foreign companies on funds raised through long-term bonds or rupee denominated bonds listed exclusively on ... Summary
Concessional withholding tax on IFSC-listed bonds applies to qualifying non-resident interest payments by Indian companies and Business Trusts.
Interest payable to qualifying non-residents or foreign companies on funds raised through long-term bonds or rupee denominated bonds listed exclusively on a recognised stock exchange in an International Financial Services Centre is subject to tax deduction at source. An Indian company or Business Trust must deduct tax at the earlier of credit or payment. The rate is 4% for specified earlier bond issuances and 9% for bonds issued on or after 1 July 2023. No threshold applies. The concessional treatment is confined to interest calculated at the rate approved by the Central Government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
