No TDS on Interest paid on deposits in NRs in IFSC banking units in SEZ: CBDT Clarification

By | July 11, 2016

Circular No 26/2016

F.No.295/26/2016-IT(B)

Govt. of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

Dated 4th July 2016

Subject Applicability of Section 197A(1D) and Section 10(15)(viii) of the Income Tax Act 1961 to interest Paid by IFSC Banking units (IBUs)- clarification regarding

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