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    <title>Section 393(2); Table [For Payments to Non-Resident] - Interest on Listed Long-term Bonds and Rupee Denominated Bonds in an IFSC</title>
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    <description>Interest on money borrowed from outside India through long-term bonds or rupee denominated bonds listed exclusively on a recognised stock exchange in an International Financial Services Centre attracts tax deduction at source when paid by an Indian company or Business Trust to an eligible non-resident or foreign company. The withholding rate depends on the bond issue date, and no monetary threshold applies. Deduction is required at the earlier of credit or payment. Concessional treatment is limited to interest calculated at the rate approved by the Central Government.</description>
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    <pubDate>Thu, 06 Jul 2017 17:30:00 +0530</pubDate>
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      <description>Interest on money borrowed from outside India through long-term bonds or rupee denominated bonds listed exclusively on a recognised stock exchange in an International Financial Services Centre attracts tax deduction at source when paid by an Indian company or Business Trust to an eligible non-resident or foreign company. The withholding rate depends on the bond issue date, and no monetary threshold applies. Deduction is required at the earlier of credit or payment. Concessional treatment is limited to interest calculated at the rate approved by the Central Government.</description>
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