Summary
CBDT Notification No. 136/2026, issued under Section 400(1) of the Income-tax Act, 2025, removes TDS under Section 393 on interest paid by the New Development Bank on Maharajah INR bonds to resident holders and FIIs. It covers bonds issued from tax year 2026-27 onwards, subject to NDB furnishing prescribed information.
What it means for you
Investors receive interest without TDS but must still report and pay tax on it in their returns.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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