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TDS on foreign remittance

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(Querist)
01 November 2010 Is TDS applicanle on foreign remitance of interest on buyers credit made to a foreign bank
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CA. Aryendra

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CA. Aryendra (Expert)
01 November 2010 I think no need of TDS deduction because - The payment is made by the company thru the local banks. The payment of interest to the bank does not attract the TDS provisons.

but please wait for goods suggestions from other experts

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