Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encourage Development of the Indian Debt Market and Accelerate the Pace of Growth of the Indian Economy

Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encourage Development of the Indian Debt Market and Accelerate the Pace of Growth of the Indian Economy https://www.taxtmi.com/news?id=11178 The government extended a reduced withholding tax regime on interest to cover rupee denominated long term infrastructure bonds and interest on bonds issued by Indian companies and government securities for foreign institutional and qualified foreign investors within the incentive period, and provided that the reduced rate applies even where the non resident investor's PAN is not furnished by the Indian payor for qualifying long term infrastructure bonds. en-us Tue, 21 May 2013 17:24:44 +0530 Tue, 21 May 2013 17:24:44 +0530 TaxTMI RSS Generator Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encourage Development of the Indian Debt Market and Accelerate the Pace of Growth of the Indian Economy https://www.taxtmi.com/news?id=11178 The government extended a reduced withholding tax regime on interest to cover rupee denominated long term infrastructure bonds and interest on bonds issued by Indian companies and government securities for foreign institutional and qualified foreign investors within the incentive period, and provided that the reduced rate applies even where the non resident investor's PAN is not furnished by the Indian payor for qualifying long term infrastructure bonds. News - Tue, 21 May 2013 17:24:44 +0530 https://www.taxtmi.com/news?id=11178