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Form 15g for non resident indivdiual

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(Querist)
27 May 2014 Can a Non Resident Individual submit form 15G.

His Income liable to tax is below exemption limit.

Kindly suggest.

Thanking you.
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Nitin Bhuta

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Nitin Bhuta (Expert)
27 May 2014 No it cannot be used
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Akshay Shah

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Akshay Shah (Querist)
27 May 2014 Can you provide me with rate of TDS u/s 195 for payment of interest to non resident.
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Nitin Bhuta

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Nitin Bhuta (Expert)
27 May 2014 It depends upon DTA executed. Check out DTA of the respective country.
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Akshay Shah

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Akshay Shah (Querist)
27 May 2014 Whats the rate as per Income Tax Act?
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Nitin Bhuta

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Nitin Bhuta (Expert)
27 May 2014 Generally 10% but with some countries it ranges to 12.5% or 15% or 25% also.
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Akshay Shah

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Akshay Shah (Querist)
27 May 2014 Ok.

Thank you for your valuable consideration
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Rupesh Jain

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Rupesh Jain (Expert)
27 May 2014 you can pay amount afer tDS u/s 195 @ 10% but it one problem when you deducted the TDs 10% if non resident have no PAN then TRACE demand 10% extra due to non resident have no PAN.
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