193 interest on securities

Abhay Raj (15 Points)

12 February 2018

Is tds neccessary in case interest is given to a non resident... The section says that the payee is a resident only

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177891 Points)
Replied 12 February 2018

The provisions of section 193 are not applicable in case of payment of interest on securities to a non-resident.

Payments made to non-residents are covered under section 195., rate is 20%.

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Abhay Raj (15 Points)
Replied 13 February 2018

Thankyou sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177891 Points)
Replied 13 February 2018

Welcome, Dear.

sweta patil (36 Points)
Replied 13 February 2018

TDS will be deducted u/s 115A r.w.s 195 @ 20%. Further TDS can be deducted at the rate of 40% in case of PE or lower as per DTAA.

Kindly refer below mentioned link for more detailed explanation.

https://imazzea.biz/forums/thread/13/

(First login to imazzea and then refer above link or refer forum section in imazzea on left hand side)

Regards

Sweta

Abhay Raj (15 Points)
Replied 13 February 2018

Thanks mam

sweta patil (36 Points)
Replied 13 February 2018

Welcome. You can post your queries on imazzea as experts are there to reply

Abhay Raj (15 Points)
Replied 13 February 2018

sure mam. r u a CA

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