Interest on Foreign Currency Convertible Bonds not subject to TDS u/s 196C & 115AC of Income Tax Act.

Interest on Foreign Currency Convertible Bonds not subject to TDS u/s 196C & 115AC of Income Tax Act. https://www.taxtmi.com/highlights?id=6587 Interest payable on FCCBs - Liability to TDS u/s 196C r.w.s. 115AC - the money borrowed was utilized for the oversees business - cannot be said to have accrued or arisen in India - No TDS liability - AT en-us Wed, 23 Jan 2013 07:06:50 +0530 Wed, 23 Jan 2013 07:06:50 +0530 TaxTMI RSS Generator Interest on Foreign Currency Convertible Bonds not subject to TDS u/s 196C & 115AC of Income Tax Act. https://www.taxtmi.com/highlights?id=6587 Interest payable on FCCBs - Liability to TDS u/s 196C r.w.s. 115AC - the money borrowed was utilized for the oversees business - cannot be said to have accrued or arisen in India - No TDS liability - AT Highlights Income Tax Wed, 23 Jan 2013 07:06:50 +0530 https://www.taxtmi.com/highlights?id=6587