GCCI seeks 5% withholding tax for FPIs in proposed I-T Act | Ahmedabad News
n its representation, GCCI said the earlier concessional rate under Section 194LD of the Income-Tax Act, 1961 expired in July 2023, after which the withholding tax on such interest income reverted to 20% Ahmedabad: Warning that a high 20% withholding tax is weakening India’s edge in global debt markets, the Gujarat Chamber of Commerce &…
