https://www.taxtmi.com/highlights?id=24933 TDS u/s.196C r.w.s. 115AC on the interest payable on FCCBs - since income in question is squarely falling under the exclusion clause of income deemed to accrue or arise in India u/s 9(1)(v)(b) of the Act, it cannot fall within the ambit of income accrued and arisen in India, and hence, the same cannot be said to be covered u/s 5(2) - Since the income is taxable, question of TDS does not arise - AT en-us Fri, 25 Sep 2015 08:45:43 +0530 Fri, 25 Sep 2015 08:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24933 TDS u/s.196C r.w.s. 115AC on the interest payable on FCCBs - since income in question is squarely falling under the exclusion clause of income deemed to accrue or arise in India u/s 9(1)(v)(b) of the Act, it cannot fall within the ambit of income accrued and arisen in India, and hence, the same cannot be said to be covered u/s 5(2) - Since the income is taxable, question of TDS does not arise - AT Highlights Income Tax Fri, 25 Sep 2015 08:45:43 +0530 https://www.taxtmi.com/highlights?id=24933