sec 194- a
This query is : Resolved
23 April 2008
Dear Sir,
Sec- 194 -4 " TDS on interest other than Interet on Security" states that tax to be deducted while paying interest to resident. In such a case any interest (other than interst on security ) payable to NOn- resident is exempt from the ambit of TDS ?
Sec- 194 -4 " TDS on interest other than Interet on Security" states that tax to be deducted while paying interest to resident. In such a case any interest (other than interst on security ) payable to NOn- resident is exempt from the ambit of TDS ?
23 April 2008
For NRI you have to check the provisions of sections 115
23 April 2008
I understand interest paid to non-residents will come under section 195 'Payments to Non-residents" where whitholding tax will apply w.r.t relevant DTAA provisions. If I am wrong I can be corrected.
Thanking you,
Thanking you,
23 April 2008
I AGREE WITH SRI RAMANA.
SEC 195 CLAUSE i applies for tds on int.paid to non res.
TDS deductible @ the rates specified therein or ADT RATES whichever is lower.
R.V.RAO
SEC 195 CLAUSE i applies for tds on int.paid to non res.
TDS deductible @ the rates specified therein or ADT RATES whichever is lower.
R.V.RAO
24 April 2008
Sec 115 is also relevant
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