Liability to Income – tax – Sterling interest payments made abroad – Deduction of tax at source by borrower in India – waived in the case of loans issued for whir under U.K. law interest has to be paid without deduction of Indian tax – Deduction of tax from loan issued after 38 – Legality of position explained to India office.

Department Central Board of Revenue
Branch Income Tax,Part-IV
From Year / Date
(YYYY-MM-DD)
1941
To Year / Date
(YYYY-MM-DD)
1941
Identifier PR_750000050282
File No. R. Dis. 26(6)- I.T.-Part I
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