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Comments on: Have you tried Rupee Denominated Bonds yet? https://taxclick.org/type/fema/tried-rupee-denominated-bonds-yet/?utm_source=rss&utm_medium=rss&utm_campaign=tried-rupee-denominated-bonds-yet Fri, 07 Oct 2016 15:46:05 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: CA Sudha Bhushan https://taxclick.org/type/fema/tried-rupee-denominated-bonds-yet/#comment-225 Fri, 07 Oct 2016 15:46:05 +0000 https://taxclick.org/?p=3573#comment-225 In reply to Vikas Singh.

The Masala Bonds can either be privately placed or it can be listed however NCDs are required to be compulsorily listed on stock exchange. Also, There are onerous compliances such as continuous disclosures, credit rating, etc to be followed by a company issuing Listed NCDs, in comparison to this compliances to be undertaken by a company issuing privately placed Rupee Bonds are very limited.

]]> By: Vikas Singh https://taxclick.org/type/fema/tried-rupee-denominated-bonds-yet/#comment-224 Thu, 06 Oct 2016 10:49:24 +0000 https://taxclick.org/?p=3573#comment-224 How Masala Bonds are different from NCDs?

]]> By: CA Sudha Bhushan https://taxclick.org/type/fema/tried-rupee-denominated-bonds-yet/#comment-222 Wed, 05 Oct 2016 11:27:40 +0000 https://taxclick.org/?p=3573#comment-222 In reply to Kavita.

Press release on 9-October, 2015, MOF stated that RDBs shall be liable to withholding tax of 5% Refer Refer : http://pib.nic.in/newsite/mberel.aspx?relid=130043&utm_content=bufferbf76c&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

However such amendment as was proposed in press release mentioned above didnt get incorporated in Budget 2016 (in totality). To that extent there is an ambiguity in Tax Provisions relating to RDBs. It only said that the Capital gains arising from appreciation of rupee against the foreign currency of investment between the date of issue and redemption shall be exempt from capital gains tax.

As per Section 194LD , Income Tax Act, 1961 – Interest paid to FIIs and QFIs on RDBs is deductible at 5% only. Refer : http://www.incometaxindia.gov.in/Acts/Finance%20Acts/2013/102120000000026814.htm

]]> By: Kavita https://taxclick.org/type/fema/tried-rupee-denominated-bonds-yet/#comment-221 Wed, 05 Oct 2016 10:44:24 +0000 https://taxclick.org/?p=3573#comment-221 Madam, Can you please through some light on the taxation aspects of RDBs as well

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