https://www.taxtmi.com/circulars?id=4871 Where a foreign company invests by remittance in foreign currency in NRE/FCNR accounts or in deposits of public limited companies, the special rate provision applies and tax on interest is charged on the gross amount without allowing any deduction for expenditure or allowances. en-us Fri, 31 Oct 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4871 Where a foreign company invests by remittance in foreign currency in NRE/FCNR accounts or in deposits of public limited companies, the special rate provision applies and tax on interest is charged on the gross amount without allowing any deduction for expenditure or allowances. Circulars Income Tax Fri, 31 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4871