Rate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced

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....ate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced <br>Budget<br>Dated:- 28-2-2013<br><BR>The Finance Bill 2013-14 proposes reduc....

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....tion of tax on interest in respect of investment made through a designated bank account in Rupee dominated long term infrastructure bond from 20 percent to 5 percent. Presenting the Union Budget in th....

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....e Lok Sabha today, the Finance Minister Shri P.Chidambaram said that the rate of tax on interest paid to non-resident investors was reduced last year from 20 per cent to 5 per cent. He has now extende....

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....d the same benefit as above with a view to attract investment in long term infrastructure bonds. *** DSM/RC/nb/44 (Release ID :92760)<BR> News - Press release - PIB....