Section 393(2); Table [For Payments to Non-Resident] - Interest payable by an Infrastructure Debt Fund

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t, 1961. Sl. No. Nature of payment Recipient Deductor Rate of TDS 5 Any income by way of interest. Non-resident (other than a company) or a foreign company Infrastructure Debt Fund referred to in Schedule VII (Table: Sl. No. 46) 5% Scope of the provision This clause applies to any income by way of interest payable by an Infrastructu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sional rate of 5%. Threshold limit No threshold limit has been prescribed. Accordingly, every payment of eligible interest covered by this clause attracts deduction of tax at source. Practical distinction • Applies to interest payable by an Infrastructure Debt Fund referred to in Schedule VII (Table: Sl. No. 46). • The deductor is specifically the Infrastr....