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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167640 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%.
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
sweta patil
(36 Points)
Replied 13 February 2018
Welcome. You can post your queries on imazzea as experts are there to reply
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
