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    <title>Concessional rate of tax on overseas borrowing - THE FINANCE (No. 2) BILL, 2014</title>
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    <description>The concessional withholding tax rate previously limited to long term infrastructure bonds is extended to interest on any long term bond issued by Indian companies for foreign borrowings, and the eligibility period for such concessional treatment is extended to borrowings made before 1st July, 2017. A related amendment expands the exception to higher withholding for non furnishing of permanent account numbers so that it applies to interest on any qualifying long term bond. These amendments take effect from 1st October, 2014.</description>
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      <link>https://www.taxtmi.com/news?id=13027</link>
      <description>The concessional withholding tax rate previously limited to long term infrastructure bonds is extended to interest on any long term bond issued by Indian companies for foreign borrowings, and the eligibility period for such concessional treatment is extended to borrowings made before 1st July, 2017. A related amendment expands the exception to higher withholding for non furnishing of permanent account numbers so that it applies to interest on any qualifying long term bond. These amendments take effect from 1st October, 2014.</description>
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