section 195
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2010
Sir/Mam,
as per provision of sec 195 of income tax act, any payment made to a Non Resident is liable for deducting tax. Hence in case, interest received from bank on savings a/c by Non Resident, whether bank is liable for deducting tax?
or in case, Rent received by Non Resident, tenant is liable to deduct tax? Here i just want to know the exact meaning of 'Any Payment'.
as per provision of sec 195 of income tax act, any payment made to a Non Resident is liable for deducting tax. Hence in case, interest received from bank on savings a/c by Non Resident, whether bank is liable for deducting tax?
or in case, Rent received by Non Resident, tenant is liable to deduct tax? Here i just want to know the exact meaning of 'Any Payment'.
18 February 2010
Yes bank will deduct TDS if it crosses the limit.Any payment includes credit to the account of the payee by book entry also.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2010
Payment by an individual Tenant whether he is liable to deduct TDS?
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