Tds on ecb remittance

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 March 2012 Dear Expert , Ours is a manufacturing Pvt. Ltd. Company. We used to import raw material from outside India. We avail External Commercial Borrowing facility for payment of Imports. My doubt is whether we need to do TDS on Interest remittance to foreign bank.What is the procedure to remit such Interest payments, Please help me in this regard.

24 March 2012 TAX IS DEDUCTIBLE AT 20 PERCENT PLUS APPLICABLE SC AND CESS
CA MANOJ GUPTA
JODHPUR
09828510543



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