Amendment of section 194LD.

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..... way of interest referred to in sub-section (1 ) shall be the interest payable, (a ) on or after the 1st day of June, 2013 but before the 1st day of July, 2023 in respect of the investment made by the payee in (i ) a rupee denominated bond of an Indian company; or (ii ) a Government s .....

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..... ue and Listing of Municipal Debt Securities) Regulations, 2015 made under the Securities and Exchange Board of India Act, 1992; (15 of 1992) . - Clause 83 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. Sub-section (2) of the said section specifies that the interest payable on .....

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..... e of interest in respect of rupee denominated bond of an Indian company shall not exceed the rate as may be notified by the Central Government in this behalf. It is also proposed to insert new clause (ba) in the Explanation to the said section so as to define the expression municipal debt securities . These amendments will take effect from 1st April, 2020. - statute, statutory provisions .....

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