https://www.taxtmi.com/acts?id=16594 Persons paying interest to non residents or foreign companies on borrowings of a specified company or business trust must deduct tax at concessional rates: a general rate of five per cent, a reduced rate for certain rupee denominated or long term bonds listed in an International Financial Services Centre, and a separate rate for bonds issued after a specified change. The rule covers interest on monies borrowed from outside India under loan agreements or by issuance of various long term bonds, and deduction is limited to interest calculated at a Central Government approved rate. en-us Thu, 31 May 2012 16:18:46 +0530 Thu, 28 Aug 2025 16:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16594 Persons paying interest to non residents or foreign companies on borrowings of a specified company or business trust must deduct tax at concessional rates: a general rate of five per cent, a reduced rate for certain rupee denominated or long term bonds listed in an International Financial Services Centre, and a separate rate for bonds issued after a specified change. The rule covers interest on monies borrowed from outside India under loan agreements or by issuance of various long term bonds, and deduction is limited to interest calculated at a Central Government approved rate. Act-Rules Income Tax Thu, 31 May 2012 16:18:46 +0530 https://www.taxtmi.com/acts?id=16594