31 August 2015
I am also facing the same problem, whether you get any solution regarding your query?
Whether we need to deduct TDS in case of interest payment to IFC, yes then which section says? sec10(6) doesnt have any clause which exempt from deducting TDS.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 July 2016
I think it covers under section 9 “Immunities from Taxation” of the International Finance Corporation (Status, Immunities and Privileges) Act 1958, the Corporation is immune from all the taxation. In case you have better ground for non deduction tax while making interest payment to IFC please let me know.