26 July 2010
Dear Sir/Madam, I need to clarify one doubt regarding TDS on Interest. i.e. If an Indian Company Received loan from a non resident (Individual or Foreign Company).Is it subject to TDS when it repay the Loan amount along with Interest?
26 July 2010
Thanks for your reply. As per your reply The Rate of Tax is 15 %. But in case non-availability of PAN then 20 % will attract.Am I correct?.
26 July 2010
no for the purpose of non resident section 195 shall apply and it would be the rate as per finance act... so for companies it would be 30% + surchage if any + ec