Tds on ecb loan interest


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2014 Dear All,

We are the pvt ltd co. taking the ECB loan from an NRI in the year 2010 US $ 11500 so far we are payeing the interest and deduct 20% TDS on the interest under section 195 is write the right section of income tax an is the % of TDS is correct?

Please do the needful

Regards
Sunil

12 December 2014 the ans is yes ur correct............

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2014 Then what is the section 194LC of Income tax and Circular No 07/2012 Dt. 21.9.2012

Regards
Sunil






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