https://www.taxtmi.com/caselaws?id=7057 Where interest paid to a non-resident arises and accrues wholly outside the taxable territories, it is not "chargeable under the Act" for purposes of the statutory deduction obligation; section 18(3B)'s requirement to deduct tax at source therefore applies only to interest that is chargeable to tax in India and does not extend to interest lacking territorial nexus under section 4(1). Operative effect: no TDS obligation arises on interest that neither arises in nor accrues in the taxable territories, favouring the payer. en-us Fri, 01 Sep 1967 00:00:00 +0530 Sun, 08 Feb 2009 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7057 Where interest paid to a non-resident arises and accrues wholly outside the taxable territories, it is not "chargeable under the Act" for purposes of the statutory deduction obligation; section 18(3B)'s requirement to deduct tax at source therefore applies only to interest that is chargeable to tax in India and does not extend to interest lacking territorial nexus under section 4(1). Operative effect: no TDS obligation arises on interest that neither arises in nor accrues in the taxable territories, favouring the payer. Case-Laws Income Tax Fri, 01 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7057