TMI BlogAmendment of Section 10X X X X Extracts X X X X X X X X Extracts X X X X ..... dia in connection with his training in any establishment or office of, or in any undertaking owned by, - (i) the Government; or (ii) any company in which the entire paid-up share capital is held by the Central Government, or any State Government or Governments, or partly by the Central Government and partly by one or more State Governments; or (iii) any company which is a subsidiary of a company r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... development in India, to the extent to which such interest does not exceed the amount of interest calculated at the rate approved by the Central Government in this behalf, having regard to the terms of the loan and its repayment. Explanation : For the purposes of this item, the expression foreign currency shall have the meaning assigned to it in the Foreign Exchange Regulation Act, 1973 (46 of 197 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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