Central Government specifies the ' 3-Year IDBI Capital Bonds ' issued by the Industrial Development Bank of India, Bombay u/s 193(iib) - S.O.1382 - Income Tax Act, 1961
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Specification of three-year IDBI Capital Bonds under section 193 proviso clarifies qualifying securities for tax withholding. The Central Government, under the proviso to section 193 of the Income tax Act, specifies the three year IDBI Capital Bonds issued by the Industrial Development Bank of India, Bombay, as the instruments to be treated as qualifying securities for the purposes of that proviso, thereby clarifying their treatment for withholding tax application under the cited provision.
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Provisions expressly mentioned in the judgment/order text.
Specification of three-year IDBI Capital Bonds under section 193 proviso clarifies qualifying securities for tax withholding.
The Central Government, under the proviso to section 193 of the Income tax Act, specifies the three year IDBI Capital Bonds issued by the Industrial Development Bank of India, Bombay, as the instruments to be treated as qualifying securities for the purposes of that proviso, thereby clarifying their treatment for withholding tax application under the cited provision.
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