Measures Introduced to Allow Corporates to Access Lower Cost Funds; Promote Higher Level of Investments in Several Sectors Rate of Withholding Tax on Interest Payments on ECBs Proposed to be Reduced to 5 Per Cent From 20 Per Cent Restriction on Venture Capital Funds to Invest in Specified Sectors Removed Rate of Investment Linked Deduction of Capital Expenditure Proposed to be Enhanced to 150 Per https://www.taxtmi.com/news?id=2878 Withholding tax on interest payments for external commercial borrowings is proposed to be reduced for specified stressed infrastructure sectors to provide lower-cost foreign financing; restrictions that previously limited Venture Capital Funds to nine sectors are removed; the cascading effect of Dividend Distribution Tax in multi-tier corporate structures is to be eliminated; concessional tax treatment for repatriated dividends from foreign subsidiaries is extended for a further limited period; and the investment-linked deduction rate for qualifying capital expenditure in targeted sectors is increased while new eligible activities are added. en-us Fri, 16 Mar 2012 13:19:22 +0530 Fri, 16 Mar 2012 13:19:22 +0530 TaxTMI RSS Generator Measures Introduced to Allow Corporates to Access Lower Cost Funds; Promote Higher Level of Investments in Several Sectors Rate of Withholding Tax on Interest Payments on ECBs Proposed to be Reduced to 5 Per Cent From 20 Per Cent Restriction on Venture Capital Funds to Invest in Specified Sectors Removed Rate of Investment Linked Deduction of Capital Expenditure Proposed to be Enhanced to 150 Per https://www.taxtmi.com/news?id=2878 Withholding tax on interest payments for external commercial borrowings is proposed to be reduced for specified stressed infrastructure sectors to provide lower-cost foreign financing; restrictions that previously limited Venture Capital Funds to nine sectors are removed; the cascading effect of Dividend Distribution Tax in multi-tier corporate structures is to be eliminated; concessional tax treatment for repatriated dividends from foreign subsidiaries is extended for a further limited period; and the investment-linked deduction rate for qualifying capital expenditure in targeted sectors is increased while new eligible activities are added. News - Fri, 16 Mar 2012 13:19:22 +0530 https://www.taxtmi.com/news?id=2878