Accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax u/s 10(15)(iv) - S.O.3673 - Income Tax Act, 1961
Contents
Acts
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Tax exemption under section 10(15)(iv) for interest on loans from a specified foreign financial institution has been granted. The Central Government has accorded approval to Banque Francaise du Commerce Exterieur, Paris, so that interest payable by any industrial undertaking in ... Summary
Tax exemption under section 10(15)(iv) for interest on loans from a specified foreign financial institution has been granted.
The Central Government has accorded approval to Banque Francaise du Commerce Exterieur, Paris, so that interest payable by any industrial undertaking in India on moneys borrowed under a loan agreement with that foreign financial institution is exempt from tax under the statutory provision, thereby treating such interest receipts as falling within the exemption category when the borrowings are effected under qualifying loan agreements with the named institution.
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 