Measures Introduced to Allow Corporates to Access Lower Cost Funds; Promote Higher Level of Investments in Several Sectors

Last updated: 16 March 2012

Rate of Withholding Tax on Interest Payments on ECBs Proposed to be Reduced to 5 Per Cent From 20 Per Cent. Restriction on Venture Capital Funds to Invest in Specified Sectors Removed. Rate of Investment Linked Deduction of Capital Expenditure Proposed to be Enhanced to 150 Per Cent;

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