Rate Of Tax On Investment Made Through A Designated Bank Account In
Rupee Dominated Long Term Infrastructure Bonds Reduced

Online GST Certification Course by TaxGuru & MSME- Click here to Join

The Finance Bill 2013-14 proposes reduction of tax on interest in respect of investment made through a designated bank account in Rupee dominated long term infrastructure bond from 20 percent to 5 percent. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that the rate of tax on interest paid to non-resident investors was reduced last year from 20 per cent to 5 per cent. He has now extended the same benefit as above with a view to attract investment in long term infrastructure bonds.

More Under Income Tax

Posted Under

Category : Income Tax (25160)
Type : News (12613)
Tags : Budget (1473)

Leave a Reply

Your email address will not be published. Required fields are marked *