27 September 2018 Indian tax administration provides tax-free interest on Rupee denominated bonds issued outside India India's Central Board of Direct Taxes (CBDT) announced on September 17, the granting of a tax exemption on interest received by nonresidents on Rupee-denominated bonds (RDBs) issued outside India by an Indian company or a business trust during the period from September 17, 2018 to March 31, 2019. The exemption is intended to increase the foreign exchange inflow and to attempt to reduce current deficits. Document ID: 2018-1910 |
