https://www.taxtmi.com/circulars?id=2923 Exemption under section 10(23G) covers dividend, interest and long term capital gains from investments in infrastructure enterprises and applies to the net income as computed under the Income tax Act, not gross receipts. Approval under clause (23G) is required for each assessment year during repayment of long term finance for interest to be exempt in the hands of the infrastructure capital company or fund. Tax must be deducted at source on interest payments, though recipients may seek a lower/non deduction certificate from the assessing officer. en-us Mon, 04 Oct 1999 00:00:00 +0530 Sat, 09 Aug 2008 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2923 Exemption under section 10(23G) covers dividend, interest and long term capital gains from investments in infrastructure enterprises and applies to the net income as computed under the Income tax Act, not gross receipts. Approval under clause (23G) is required for each assessment year during repayment of long term finance for interest to be exempt in the hands of the infrastructure capital company or fund. Tax must be deducted at source on interest payments, though recipients may seek a lower/non deduction certificate from the assessing officer. Circulars Income Tax Mon, 04 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2923