https://www.taxtmi.com/acts?id=12066 Insertion of section 194LB requires the person responsible for payment by an infrastructure debt fund to deduct income-tax at the rate of five per cent on interest payable to a non-resident individual or a foreign company, with deduction occurring at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode, effective from 1st June, 2011. en-us Wed, 02 Mar 2011 16:10:46 +0530 Sat, 07 Mar 2015 16:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12066 Insertion of section 194LB requires the person responsible for payment by an infrastructure debt fund to deduct income-tax at the rate of five per cent on interest payable to a non-resident individual or a foreign company, with deduction occurring at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode, effective from 1st June, 2011. Act-Rules Bills Wed, 02 Mar 2011 16:10:46 +0530 https://www.taxtmi.com/acts?id=12066