Indian firm require to deduct tax at sources
This query is : Open
20 April 2013
sir, please tell me about the nri huf whose karta is residing in usa. i want to know about the tds rate at which the firm should deduct the tax on payment of interest payable on unsecured loan.
21 April 2013
To remit the foreign currency one has to follow the procedure of 15CA and 15CB. Before the foreign currency is released your bank will make it sure if TDS has been applied correctly. Bank relies upon the certification of Chartered Accountant. And Chartered Accountant depending upon the merit of case/remittance will advise the amount of TDS before he issues signed certificate.
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