No TDS on interest paid to Non resident on FCCB
No tds (u/s 196c r.w.s. 115ac) on interest paid to nr on FCCB when the borrowed sum was utilized by payer for its overseas business NO DEDUCT TAX AT SOURCE (U/S 196C R.W.S. 115AC) ON INTEREST PAID TO NR ON FOREIGN CURRENCY CONVERTIBLE BONDS WHEN BORROWED SUM WAS UTILIZED BY PAYER FOR ITS OVERSEAS BUSINESS …