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![Foreign Bank having Branch in India can claim Nil Deduction Certificate for Interest on securities covered under s. 193 of IT Act: CBDT [Read Notification] Foreign Bank having Branch in India can claim Nil Deduction Certificate for Interest on securities covered under s. 193 of IT Act: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/10/TDS-TaxScan.jpg)
Foreign Bank having Branch in India can claim Nil Deduction Certificate for Interest on securities covered under s. 193 of IT Act: CBDT [Read Notification]
The Central Government today notified that nil Deduction Certificate under section 29B of the Income Tax Rules cannot be granted to a foreign Bank...