Amendment of section 115A.

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..... be inserted; (b) after sub-clause (ii), the following sub-clause shall be inserted, namely: "(iia) interest received from an infrastructure debt fund referred to in clause (47) of section 10; or"; (c) after item (B), the following item shall be inserted, namely: "(BA) the amount of income-tax calculated on the amount of income by way of interest referred to in sub-clause (iia), if any, included i .....

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..... the Government or the Indian concern in foreign currency; or income received in respect of units, purchased in foreign currency, of a Mutual Fund specified under clause (23D) of section 10 or of the Unit Trust of India. It is proposed to amend sub-clause (ii) of clause (a) of sub-section (1) of the aforesaid section so as to provide that the rates at which income-tax shall be payable, where the t .....

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..... after item (B) of clause (a) of sub-section (1) of the aforesaid section to provide that the tax shall be payable at the rate of five per cent. on any interest income received by a non-resident from an infrastructure debt fund referred to in clause (47) of section 10. These amendments will take effect from 1st June, 2011. - statute, statutory provisions legislation, law, enactment, Acts, Rules, .....

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