{"id":131,"date":"2015-11-03T00:00:00","date_gmt":"2015-11-02T18:30:00","guid":{"rendered":""},"modified":"2015-12-29T11:07:23","modified_gmt":"2015-12-29T05:37:23","slug":"taxation-of-income-from-off-shore-rupee-denominated-bonds","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/taxation-of-income-from-off-shore-rupee-denominated-bonds\/","title":{"rendered":"Taxation of income from off-shore Rupee Denominated Bonds"},"content":{"rendered":"

Government of India <\/strong><\/p>\n

Ministry of Finance <\/strong><\/p>\n

Department of Revenue
\n<\/strong><\/p>\n

Central Board of
\nDirect Taxes <\/strong><\/p>\n

 <\/strong><\/p>\n

PRESS RELEASE <\/strong><\/p>\n

New Delhi, 29th October, 2015 <\/p>\n

Subject: Taxation of
\nincome from off-shore Rupee Denominated Bonds-reg. <\/strong><\/p>\n

The Reserve Bank of India has recently permitted Indian
\ncorporates to issue rupee denominated bonds outside India. <\/p>\n

The matter of taxation of income from such bonds under
\nIncome-tax <\/p>\n

Act, 1961 has been considered by the Government. <\/p>\n

In so far as taxation of interest income from these INR
\noff-shore bonds in the case of non-resident investors is concerned, it is
\nclarified that withholding tax at the rate of 5 percent, which is in the nature
\nof fmal tax, would be applicable in the same way as it is applicable for
\noff-shore dollar denominated bonds. <\/p>\n

Further, it has been decided that the Capital gains, arising
\nin case of appreciation of rupee between the date of Issue and the date of
\nredemption against the foreign currency in which the investment is made; would be
\nexempted from capital gains tax. Legislative amendment in this regard will be
\nproposed through the Finance Bill, 2016. <\/p>\n

(Shefali Shah) <\/strong><\/p>\n

Pr. Commissioner of
\nIncome Tax (OSD) <\/strong><\/p>\n

Official
\nSpokesperson, CBDT<\/strong><\/p>\n

Download<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE New Delhi, 29th October, 2015 Subject: Taxation of income from off-shore Rupee Denominated Bonds-reg. The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income from … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[39],"yoast_head":"\nTaxation of income from off-shore Rupee Denominated Bonds - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/taxation-of-income-from-off-shore-rupee-denominated-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxation of income from off-shore Rupee Denominated Bonds - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE New Delhi, 29th October, 2015 Subject: Taxation of income from off-shore Rupee Denominated Bonds-reg. 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