https://www.taxtmi.com/acts?id=38727 Amendment to section 194LC inserts a proviso requiring withholding at a reduced rate of four per cent for interest referred to new clause (ib), adds clause (ib) to treat monies borrowed from abroad by issuance of long-term or rupee denominated bonds issued between 1 April 2020 and 1 July 2023 and listed only on a recognised stock exchange in an International Financial Services Centre, and expands the Explanation to define "International Financial Services Centre" and "recognised stock exchange" by reference to existing statutes. en-us Sat, 28 Mar 2020 10:45:09 +0530 Sat, 28 Mar 2020 10:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38727 Amendment to section 194LC inserts a proviso requiring withholding at a reduced rate of four per cent for interest referred to new clause (ib), adds clause (ib) to treat monies borrowed from abroad by issuance of long-term or rupee denominated bonds issued between 1 April 2020 and 1 July 2023 and listed only on a recognised stock exchange in an International Financial Services Centre, and expands the Explanation to define "International Financial Services Centre" and "recognised stock exchange" by reference to existing statutes. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:45:09 +0530 https://www.taxtmi.com/acts?id=38727