G.D. SINGLA (MANAGING DIRECTOR) (36 Points)
11 July 2010The TDS deducted by bank on interest paid to NRI working in Indonesia wether after deduction of TDS there is no liability of NRI while filing his ITR in India for other income or the interest income is also to be added in the other income in India and TDS so deducted by bank to be claimed under taxes paid. The NRI is paying his due taxes on his salary income In Indonesia.
In case anybody can guide the site from where the text of the DTAA b/w India and Indonesia can be referred.
Thanks & Regards
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 11 July 2010
Double Taxation Relief:
India has entered into DTAA with 65 countries including countries like U.S.A., U.K., Japan, France, Germany, etc. These agreements provides for relief from the double taxation in respect of incomes by providing exemption and also by providing credits for taxes paid in one of the countries. These treaties are based on the general principles laid down in the model draft of the Organisation for Economic Cooperation and Development (OECD) with suitable modifications as agreed to by the other contracting countries. In case of countries with which India has double taxation avoidance agreements, the tax rates are determined by such agreements and are indicated for various countries as under:
|
Country |
Dividends % |
Interest % |
Royalties % |
| Australia |
15 |
15 |
15 |
| Austria |
20 |
20 |
30 |
| Bangladesh |
15 |
10 |
10 |
| Belarus |
15 |
10 |
15 |
| Belgium |
15 |
15 |
20 |
| Brazil |
15 |
15 |
15 |
| Bulgaria |
15 |
15 |
20 |
| Canada |
25 |
15 |
15 |
| China |
10 |
10 |
10 |
| Cyprus |
15 |
10 |
15 |
| Czechoslovakia |
20 |
15 |
30 |
| Czech Republic |
10 |
10 |
10 |
| Denmark |
20 |
15 |
20 |
| Egypt |
20 |
20 |
30 |
| Finland |
15 |
10 |
20 |
| France |
10 |
15 |
10/20 |
| Germany |
10 |
10 |
10 |
| Greece |
20 |
20 |
30 |
| Hungary |
15 |
15 |
30 |
| Indonesia |
15 |
10 |
15 |
| Israel |
10 |
10 |
10 |
| Italy |
20 |
15 |
20 |
| Japan |
15 |
15 |
20 |
| Jordan |
10 |
10 |
20 |
| Kazakhstan |
10 |
10 |
10 |
| Kenya |
15 |
15 |
20 |
| Korea |
20 |
15 |
15 |
| Kyrgyzstan |
10 |
10 |
15 |
| Libya |
20 |
20 |
30 |
| Malaysia |
20 |
20 |
30 |
| Malta |
15 |
10 |
15 |
| Mauritius |
15 |
20 |
15 |
| Mongolia |
15 |
15 |
15 |
| Morocco |
10 |
10 |
10 |
| Namibia |
10 |
10 |
10 |
| Nepal |
15 |
15 |
15 |
| Netherlands |
10 |
10 |
10 |
| New Zealand |
15 |
10 |
10 |
| Norway |
15 |
15 |
30 |
| Oman |
12.5 |
10 |
15 |
| Philippines |
20 |
15 |
15 |
| Poland |
15 |
15 |
22.5 |
| Portugal |
15 |
10 |
10 |
| Qatar |
10 |
10 |
10 |
| Romania |
20 |
15 |
22.5 |
| Russian Federation |
10 |
10 |
10 |
| Singapore |
15 |
15 |
15 |
| South Africa |
10 |
10 |
10 |
| Spain |
15 |
15 |
20 |
| Sri Lanka |
15 |
10 |
10 |
| Sweden |
10 |
10 |
10 |
| Switzerland |
15 |
15 |
20 |
| Syria |
0 |
7.5 |
10 |
| Tanzania |
15 |
12.5 |
20 |
| Thailand |
20 |
20 |
15 |
| Trinidad and Tobago |
10 |
10 |
10 |
| Turkey |
15 |
15 |
15 |
| Turkmenistan |
10 |
10 |
10 |
| United Arab Emirates |
15 |
12.5 |
10 |
| United Kingdom |
15 |
15 |
15 |
| United States |
20 |
15 |
15 |
| Uzbekistan |
15 |
15 |
15 |
| Vietnam |
10 |
10 |
10 |
| Zambia |
15 |
10 |
10 |
| Non treaty countries |
0 |
20 |
20 |
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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