Amendment of section 194LD.

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....une, 2013 but before the 1st day of July, 2023 in respect of the investment made by the payee in -- (i) a rupee denominated bond of an Indian company; or (ii) a Government security; (b) on or after the 1st day of April, 2020 but before the 1st day of July, 2023 in respect of the investment made by the payee in municipal debt securities: Provided that the rate of interest in respect of bond....

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....yable on or after the 1st day of July, 2013 but before the 1st day of July, 2020, in respect of investments made in a rupee denominated bond of an Indian company or a Government security shall be eligible for lower withholding tax of five per cent. It is proposed to substitute the said sub-section so as to provide that the concessional rate of five per cent. with holding tax shall be available on....