A non-resident (other than company) and a foreign company will pay tax on the income of interest received from an infrastructure debt fund referred to in section 10(47) at the rate of:

CS Executive · Tax Laws and Practice · PYQS · June 2018
A non-resident (other than company) and a foreign company will pay tax on the income of interest received from an infrastructure debt fund referred to in section 10(47) at the rate of:
(A) 20%
(B) 5%
(C) 10%
(D) 7.5%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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