Interest Payment to NRI

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2010 Please tell me if an interest payment is made to a company based in Netherland what rate of TDS is requied to be deducted.

Further what will be the TDS amount if the amount is paid to a preference share holder

taxindiaconnect

taxindiaconnect (Expert)
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29 October 2010 TDS rate is 10% and in second leg of your qiestion do you mean the dividend payment to preference share holder or Interest payment to such share holder. If it is interest, the rate remains same.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2010 sorry the same is preference share dividend. Further the party has no PAN

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