Section 393(2); Table [For Payments to Non-Resident]-Interest on Listed Long-term Bonds and Rupee Denominated Bonds in an IFSC

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.... 194LC read with Section 115A of the Income-tax Act, 1961. Sl. No. Nature of payment Recipient Deductor Rate of TDS 4 Interest payable in respect of moneys borrowed from a source outside India by way of issue of any long-term bond or rupee denominated bond listed only on a recognised stock exchange located in an International Financial Services Centre (IFS....

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....pient of income The recipient must be- • a non-resident, other than a company; or • a foreign company. Rate of deduction The applicable rate depends upon the date of issue of the bonds- • 4%, where the bonds are issued on or after 1 April 2020 but before 1 July 2023; or • 9%, where the bonds are issued on or after 1 July 2023. ....

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....The recipient must be a non-resident or foreign company. • The rate of TDS depends upon the date of issue of the bonds-4% for specified earlier issuances and 9% for issuances on or after 1 July 2023. • No monetary threshold has been prescribed. • The concessional rate is available only in respect of interest calculated at the rate approved by the Centra....

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....n company or Business Trust Rate of TDS 4% (bonds issued from 1 April 2020 to 30 June 2023); 9% (bonds issued on or after 1 July 2023) 4%/5%/9% Threshold limit Nil Nil Time of deduction Earlier of credit or payment under Section 393(2) Earlier of credit or payment under Section 194LC Eligible instrument Long-term bonds or rupee deno....