TMI BlogAmendment of section 194LD.X X X X Extracts X X X X X X X X Extracts X X X X ..... lause 68 of the Bill seeks to amend section 194LD of the Income-tax Act relating to income by way of interest on certain bonds and Government securities. Under the existing provisions contained in sub-section (2) of the said section, the interest income eligible for lower withholding tax rate of five per cent. as provided in sub-section (1) has been specified to be the interest payable on or af ..... X X X X Extracts X X X X X X X X Extracts X X X X
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