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Withholding tax

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(Querist)
17 August 2012 whether withholding tax is applicable when we take buyers credit offer letter from HSBC BANK INDIA. PLEASE CLARIFY
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CA Navin Jain

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CA Navin Jain (Expert)
17 August 2012 yes withholding tax is applicable subject to DTTA,

wHICH FOREIGN BRANCH OF HSBC BANK YOU HAVE TAKE BUYERS CREDIT?
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HARDEEP KAUR

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HARDEEP KAUR (Querist)
17 August 2012 HSBC, MAURITIUS BRANCH
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CA Navin Jain

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CA Navin Jain (Expert)
17 August 2012 Current rate of withholding tax is 20%
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HARDEEP KAUR

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HARDEEP KAUR (Querist)
17 August 2012 % is o.k. but it not applicable when buyers credit lending is from HSBC, MAURITIUS BECAUSE WE HAVE DTAA WITH MAURITIUS. PLEASE INFORM IS THIS O.K.

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