https://www.taxtmi.com/acts?id=15992 A new provision requires payers to deduct tax at source when a specified Indian company pays interest to a non-resident or foreign company on foreign-currency borrowings from outside India under a Central Government-approved loan. The withholding applies at the earlier of credit or payment and is limited to interest on borrowings within the statutory time window and only to the extent the interest does not exceed the amount calculated at a rate approved by the Central Government. en-us Fri, 16 Mar 2012 16:41:40 +0530 Fri, 16 Mar 2012 17:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15992 A new provision requires payers to deduct tax at source when a specified Indian company pays interest to a non-resident or foreign company on foreign-currency borrowings from outside India under a Central Government-approved loan. The withholding applies at the earlier of credit or payment and is limited to interest on borrowings within the statutory time window and only to the extent the interest does not exceed the amount calculated at a rate approved by the Central Government. Act-Rules Bills Fri, 16 Mar 2012 16:41:40 +0530 https://www.taxtmi.com/acts?id=15992