Economic TimesLean R·
Big news for Maharajah INR Bond investors
The Central Board of Direct Taxes (CBDT) said in a notification issued on October 19 that it has exempted interest payments on rupee-denominated bonds issued by the New Development Bank from tax deduction at source for eligible investors.According to the notification, the exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax year and subsequent tax years.A Maharajah bond is an onshore, rupee-denominated bond issued w…
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