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Interest on loan

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(Querist)
23 August 2014 is tds applicable interest on ecb loan?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
23 August 2014 yes it is applicable........................
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R.senthilkumar

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R.senthilkumar (Querist)
23 August 2014 which u/s sir? how to calculate?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 August 2014 you need to deduct TDS under section 195. the interest rate will depend on the provisions of DTAA
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 August 2014 in addition, refer to section 194LC. the rate beneficial to payee (ie between 194LC and DTAA) shall be applicable.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 August 2014 refer http://taxguru.in/income-tax/tds-tax-rate-interest-income-nonresident-redued-5-20.html for 194LC application
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R.senthilkumar

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R.senthilkumar (Querist)
23 August 2014 Thank You for replying me sir

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