Maharajah Bonds Attract Investors with TDS Exemption
The Central Board of Direct Taxes (CBDT) announced on October 19 that no tax will be deducted at source (TDS) on interest paid to eligible Maharajah bondholders during the financial year 2026-27 and beyond. This exemption applies to both resident and foreign institutional investors, enhancing the bonds' appeal to a wider investor base.
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