194A

This query is : Resolved

Gowtham Varma Alluri (Querist)
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09 March 2009 We have taken unsecured loan from NRI.

We paid interest against unsecured loan

more than 1Lakh every month. Just I want

know is there any TDS will applicable and

which %? we have in Under Tax Audit.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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09 March 2009 TDS is surely applicable.

Have taken in Foreign currency or indian rupees.

If you have taken in foreign currency and paying interst in foregin currency in certifiate given by ca what is mentioned for tds.

If you have paid in indian rupees now you deduct tds and pay before 31st march.

CA.SHAHZAD SAYYED

CA.SHAHZAD SAYYED (Expert)
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09 March 2009 % of TDS u/s 194A
1)if NRI is Individual, firm etc.
11.33% (i-e with surcharge only for individual for firm etc. Rate will be 10.3%)
2)if NRI is Company
20.6% (i-e without surcharge, beause payment is less than Rs.1 cror)

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