Extension of concessional tax rate FII and QFI on investment in Govt Securities and Rupee Denominated bonds :

 

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
68	Extension of concessional tax rate FII and QFI on investment in Govt Securities and Rupee Denominated bonds	194 LD	Amended	1/4/2018	The income by way of interest to Foreign Institutional Investor or a Qualified Foreign Investor on a rupee denominated bond of an Indian company ; or a Government security was liable to TDS at the rate of 5%. Exemption window was available till 01/07/2017, which is extended to 01/07/2020 by this finance bill.