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

Last updated: 17 March 2021

Section 115AD of the Income-tax Act, 1961 (the Act)inter aliacontains 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 to in section 194LD. There are reports in certai

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Category Income Tax   Report

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