Extension of concessional tax rate to RDB :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
67 | Extension of concessional tax rate to RDB |
194 LC subsection (2) clause (1a) |
Insertion | 1/4/2016 | Scope of section 194 LC is also extended to Rupee Denomination Bonds issued to NRI by Indian companies in INR. This provision is applicable retrospectively from assessment year 2016-17.
Author note:- status of TDS already deducted and deposited if any in previous years, and whether current year TDS if deducted in excess can be adjusted in remaining two months.) |