Approval of long term bonds and rate of interest for the purpose of Section 194LC of the Income-tax Act, 1961

Last updated: 19 November 2014

CIRCULARNO.-15/2014 F.No.133/50/2014-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) --------- New Delhi, the 17th October, 2014 Sub: Approval of long term bonds and rate of interest for the purpose of Section194LC of the Income-tax Act, 1961-regarding. Section 194LC of the Income-tax Act, 1961, introduced by the Finance Act 2012,provided for lower withholding tax at the rate of 5% on the interest payments by Indiancompanies on
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Attached File : 40_14517_circular_15_2014.pdf


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