Chapter III — Investment In Foreign Exchange Bonds

Section 7 — Foreign Exchange Bonds not to be taken into account in certain cases

Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 · Preview

Without prejudice to the generality of the provisions of section 6,-- (a) the provisions of the Income-tax Act, 1961 (43 of 1961) shall not apply to any interest accruing in relation to the Foreign…