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Income
by way of interest from infrastructure debt fund.
194LB.
Where any income by way of interest is payable to a non-resident, not being a
company, or to a foreign company, by an infrastructure debt fund referred to in
clause (47) of section 10, the person responsible for making the
payment shall, at the time of credit of such income to the account of the payee
or at the time of payment thereof in cash or by issue of a cheque or draft or by
any other mode, whichever is earlier, deduct income-tax thereon at the rate of
five per cent.]
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