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Nri tds return

This query is : Resolved 

10 January 2013 IF NRI INVEST IN INDIAN COMPANY AS A LOAN FROM HIS NRO A/C AND TAKING INTEREST MONTHLY. THEN @ 20% TDS APPLICABLE ON INTEREST.

QUESTION IS--

1) WE HAVE TO MAKE RETURN FOR THIS, IF YES THEN HOW

2) IF THEY HAVE PAN NO. THEN WE CAN MAKE TDS RETURN FOR HIM, IF YES THEN SAME RATE IS APPLICABLE (e.i 20% TDS)OR THERE MUST SOME CHANGE IN THE RATES.


13 January 2013 NRI can't given loan to Indian Company.


Anuj
femaquery@gmail.com



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