https://www.taxtmi.com/news?id=15129 Interest income to non-resident investors from offshore rupee denominated bonds will attract a withholding tax at the rate of 5 percent treated as a final tax, mirroring the treatment for offshore dollar bonds. Capital gains resulting from rupee appreciation between issue and redemption, measured against the investor's foreign currency, are proposed to be exempted from capital gains tax by amendment in the Finance Bill, 2016. en-us Thu, 29 Oct 2015 15:35:42 +0530 Thu, 29 Oct 2015 15:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15129 Interest income to non-resident investors from offshore rupee denominated bonds will attract a withholding tax at the rate of 5 percent treated as a final tax, mirroring the treatment for offshore dollar bonds. Capital gains resulting from rupee appreciation between issue and redemption, measured against the investor's foreign currency, are proposed to be exempted from capital gains tax by amendment in the Finance Bill, 2016. News - Thu, 29 Oct 2015 15:35:42 +0530 https://www.taxtmi.com/news?id=15129