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