TDS Section 196C — Income from FCCBs / GDRs of Indian company
FY 2025-26 · Rate 10% (12.5% on LTCG from Apr 2025)
What does this section cover?
TDS on interest, dividend, LTCG paid to non-resident from FCCBs or GDRs of Indian company purchased in foreign currency.
Why this section: Special concessional 10% TDS regime for non-residents holding FCCBs/GDRs of Indian companies under Section 115AC.
Key facts
- Threshold
- No threshold
- Applicable for
- FY 2025-26
- Who deducts
- Indian company / depository
- Paid to
- Non-resident holder of FCCB / GDR
- Statutory source
- Section 196C, Income Tax Act
Common terms accountants use
If your description mentions any of these, Section 196C is likely the right answer. The matcher in this tool is a keyword scorer — not an AI classifier — so cross-check borderline cases against the official CBDT TDS rate chart.
Related TDS sections
Other sections in the same series or adjacent. Useful when narrowing down between similar payment categories.
Need a different section?
Describe the payment in plain English — “rent of plant”, “senior citizen interest”, “NRI dividend” — and the matcher will surface the right section.
Search TDS sections →Source: curated from the CBDT TDS rate chart. Dataset snapshot: 2025-04-01. Rates can change between Finance Acts and notifications — verify before deducting.