Interest-on-securities withholding exemptions apply to specified securities, insurers, and business trusts receiving payments from qualifying special purpose vehicles.

Interest on securities otherwise subject to tax deduction at source is exempt from withholding for specified securities and recipients. Exempt securities include National Development Bonds, notified debentures, and eligible Central or State Government securities, subject to exclusions for specified taxable savings bonds and other notified securities. Recipient-based exemption covers qualifying insurers holding securities in ownership or full beneficial interest, and Business Trusts receiving interest from a qualifying Special Purpose Vehicle on securities held by them.

---

---

---