Notifies rate of interest in respect of rupee denominated bond of an Indian company - section 194LD(2) - 56/2013 - Income Tax Act, 1961

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Interest rate cap on rupee denominated bonds notified; limit tied to SBI base rate at issuance. Notification prescribes that interest on rupee denominated bonds of Indian companies shall not exceed 500 basis points over the State Bank of India Base Rate: for bonds issued before 1 July 2010 the benchmark is the SBI Base Rate as of 1 July 2010; for bonds issued on or after 1 July 2010 the benchmark is the SBI Base Rate applicable on the date of issue.

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Interest rate cap on rupee denominated bonds notified; limit tied to SBI base rate at issuance.

Notification prescribes that interest on rupee denominated bonds of Indian companies shall not exceed 500 basis points over the State Bank of India Base Rate: for bonds issued before 1 July 2010 the benchmark is the SBI Base Rate as of 1 July 2010; for bonds issued on or after 1 July 2010 the benchmark is the SBI Base Rate applicable on the date of issue.

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Notifies rate of interest in respect of rupee denominated bond of an Indian company - section 194LD(2) - 56/2013 - Income Tax Act, 1961

Interest rate cap on rupee denominated bonds notified; limit tied to SBI base rate at issuance.

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Interest rate cap on rupee denominated bonds notified; limit tied to SBI base rate at issuance.

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