02 June 2011
TDS u/s 195 shall be deductible @ 20.6% .
Also the risk of foreign exchange variation is also there.
Anuj
Guest
Guest
(Expert)
02 July 2011
Withholding tax is 10% of the gross amount of the interest on loans made or guaranteed by a bank or other financial institution carrying on bona fide banking or financing business or by an enterprise which holds directly or indirectly at least 10 per cent of the capital of the company paying the interest.