Tds on interest paid to ifc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2012
Dear Sir,
While making payment to International Finance Corporation towards interest on ECB loan, at what rate TDS need to be deducted.
Is there any exemption for withholding tax. If so please let me know the section please.
Thanks & Regards
While making payment to International Finance Corporation towards interest on ECB loan, at what rate TDS need to be deducted.
Is there any exemption for withholding tax. If so please let me know the section please.
Thanks & Regards
31 August 2015
I am also facing the same problem, whether you get any solution regarding your query?
Whether we need to deduct TDS in case of interest payment to IFC, yes then which section says? sec10(6) doesnt have any clause which exempt from deducting TDS.
I am also facing the same problem, whether you get any solution regarding your query?
Whether we need to deduct TDS in case of interest payment to IFC, yes then which section says? sec10(6) doesnt have any clause which exempt from deducting TDS.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2016
I think it covers under section 9 “Immunities from Taxation” of the International Finance Corporation (Status, Immunities and Privileges) Act 1958, the Corporation is immune from all the taxation. In case you have better ground for non deduction tax while making interest payment to IFC please let me know.
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