Tds on interest paid to foreign co.
This query is : Open
16 February 2013
one of my client is producer company take a unsecured loan from foreign company, now the payment of interest is due in march, I want to know about TDS deduction.
The foreign company does not have any office in India.
The foreign company does not have any office in India.
17 February 2013
kindly refer the DTAA between India and the company's residence country .
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17 February 2013
I presume that the FEMA guidelines have been followed before taking the unsecured loan.
The rate as per Income tax Act is 20.6%,however any beneficial provisions as per Treaty may apply.
Anuj
femaquery@gmail.com
The rate as per Income tax Act is 20.6%,however any beneficial provisions as per Treaty may apply.
Anuj
femaquery@gmail.com
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21 February 2013
Sir, further I want to clear that This Indian company has taken ECB from company based at USA and company has completed all the ECB guidelines.
This USA based Company does not have any office in India.
Is TDS @20.60% or 15%(as per DTAA) or 0% as the foreign company have no PE in India.
This USA based Company does not have any office in India.
Is TDS @20.60% or 15%(as per DTAA) or 0% as the foreign company have no PE in India.
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