20 June 2007
Ours is a Private company having a Joint venture with a Saudi based Company.Majority of the stake is owned by d foreign co. When I declare n pay dividend, should I deduct TDS. What wud be ur answer if it is TDS on interest paid to a non-resident?
Pls cud yu give me a detailed explanation, if possible.
20 June 2007
Regardign dividend you have to pay "Dividend distribution tax" @15% on total distrubutable profit. Interest paid to a non-resident would attract TDS u/s195.
CAclubindia
