Clarification on continuation of concessional rate of tax on certain interest income of the FPIs

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....larification on continuation of concessional rate of tax on certain interest income of the FPIs <br>News and Press Release<br>Dated:- 18-3-2021<br><BR>Section 115AD of the Income-tax Act, 1961 (the 'A....

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....ct') inter alia contains provisions for taxation of income of FPIs. Proviso to section 115AD(1)(i) provides that the tax shall be chargeable at the concessional rate of 5% on interest income referred ....

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....to in section 194LD. There are reports in certain section of media that the said concessional tax rate of 5% has been withdrawn. It is hereby clarified that there is no change in the said proviso eve....

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....n after amendment of section 115AD vide Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and the concessional rate of tax of 5% shall continue to be applicable for in....

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....terest income referred to in section 194LD of the Act.<BR> News - Press release - PIB....