Govt waives 3-year lock-in period on investments made by NRIs in IDF bonds – The Economic Times
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- By Taxmann
- Last Updated on 28 October, 2020
17th September, 2019 Naveen Wadhwa, Deputy General Manager, Taxmann Said: With an aim to accelerate and enhance flow of long-term debt in infrastructure projects, amendments in the tax laws were made to provide exemption from income tax to infrastructure debt funds (IDFs) in 2011. To attract off-shore investments into IDFs, any amount of interest received by non-resident or foreign company from investment in such IDFs is charged at a reduced tax rate of 5 per cent, said Taxmann Deputy General Manager Naveen Wadhwa. Read the full article here: Govt waives 3-year lock-in period on investments made by NRIs in IDF bonds, Economic Times
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