TDS on interest paid to Foreign Branch of Indian Bank
This query is : Open
22 April 2010
Whether TDS need to be made on intt. payments to foreign branch of indian banks?
More so, when intt. payment to indian banks no TDS needs to be done as per 194A.
More so, when intt. payment to indian banks no TDS needs to be done as per 194A.
22 April 2010
TDS not applicable.
22 April 2010
AS PER MY OPINION TDS NOT TO BE DEDUCTED--
As no TDS to be deducted from A banking company to which the Banking Regulation Act 1949 applies.
View of other experts solicited.
As no TDS to be deducted from A banking company to which the Banking Regulation Act 1949 applies.
View of other experts solicited.
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22 April 2010
Will such intt. payment be not covered u/s 195 since remittance to be made in foreign currency?
22 April 2010
BUT 195 IS APPLICABLE FOR NON RESIDENT AND HERE BANK IS RESIDENT.
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22 April 2010
if other experts could come in and share their views
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