tag:blogger.com,1999:blog-3202774368551476669.post8658735940081930876..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: RBI’s Proposal for a Major Recast of ECB Norms Umakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3202774368551476669.post-25282695027741257862015-09-26T07:14:57.374+05:302015-09-26T07:14:57.374+05:30Reaction (impromptu)
The purport or import ‘essenc...Reaction (impromptu)<br />The purport or import ‘essence of the concluding suggestion on ‘withholding tax’ is not quite clearly understood. Subject to a close study, the suggestion could have validity, provided, for tax-ability in India, investment by a 'foreign' person in either of the two types of Bonds makes no material difference or is of legal significance. May be, the implications of DTAA as well call for a study and consideration.<br />Over to the writer for correction, in case the foregoing points are prima facie without any substance or merit. <br /><br />vswaminoreply@blogger.com