Extension of concessional tax rate to ECB  :

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
67	Extension of concessional tax rate to ECB	194 LC subsection 2 clause 1, Sub clause (a & c)	Amendment	1/4/2018	The existing provisions of section 194LC of the Act provide that the interest payable to a non-resident by a specified company on borrowings made by it in foreign currency from sources outside India under a loan agreement or by way of issue of any long-term bond including long-term infrastructure bond shall be eligible for concessional TDS of five per cent. Except LT Infra Bonds, for other window was going to expire on 01/07/2017 which is extended upto 01/07/2020.