What will happen if loan is taken outside india and later if he becomes resident in india,if he pays interest now to a non-resident,will he be required to deduct tax???
1 Replies
(Guest)
Dear Nidhi,
Any Interest chargeable in the hands of receipent and payable Out of India, is liable to Deduct Tax . If tax is not deducted and if there is no person who may be treated as an agent , By virtue of Sec.25 Such interest on housing loan is not deductable in computing income chargeable under the head " Income from House Property."
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
