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Taxation of income from off-shore Rupee Denominated Bonds

Dated:- 29-10-2015 - The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income from such bonds under Income-ta .....

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holding tax at the rate of 5 percent, which is in the nature of final tax, would be applicable in the same way as it is applicable for off-shore dollar denominated bonds. Further, it has been decided .....

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