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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114Government of India <\/strong><\/p>\n Ministry of Finance <\/strong><\/p>\n Department of Revenue Central Board of <\/strong><\/p>\n PRESS RELEASE <\/strong><\/p>\n New Delhi, 29th October, 2015 <\/p>\n Subject: Taxation of The Reserve Bank of India has recently permitted Indian The matter of taxation of income from such bonds under Act, 1961 has been considered by the Government. <\/p>\n In so far as taxation of interest income from these INR Further, it has been decided that the Capital gains, arising (Shefali Shah) <\/strong><\/p>\n Pr. Commissioner of Official 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],"class_list":["post-131","post","type-post","status-publish","format-standard","hentry","category-income-tax","tag-tax"],"yoast_head":"\n
\n<\/strong><\/p>\n
\nDirect Taxes <\/strong><\/p>\n
\nincome from off-shore Rupee Denominated Bonds-reg. <\/strong><\/p>\n
\ncorporates to issue rupee denominated bonds outside India. <\/p>\n
\nIncome-tax <\/p>\n
\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
\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
\nIncome Tax (OSD) <\/strong><\/p>\n
\nSpokesperson, CBDT<\/strong><\/p>\n