Mr. Sathikonda,
Thanks for your kind help.
I have got answer to this query by reading the DTAA with Germany.
Thanks Once Again.
tds on interest to foreign banks
Page no : 2
sanjay kumar
( tax consultant)
(90 Points)
Replied 24 January 2010
i am sorry that i couldnt complete the discussion ...because i am in hospital ....i met an accident the oter day ....sorry ....
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 25 January 2010
Mr.Sanjay Kumar
I wish you a speedy recovery. Where from you are? I mean which city/town. Our city Hyderabad, here trafic is accident prone.
Best Wishes
Sathikonda
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 25 January 2010
Ms.Pallavi Vohra
Thank you for the gesture you have bestowed upon me.
Best Wishes
Sathikonda
VAISHALI GUPTA
(trainee)
(26 Points)
Replied 20 March 2012
Dear friends,
Required your valuable answer in following Case study;
Nature of Expenses - Interest
Amount - $ 10000
Paid by - Indian Company
Paid to - Bank of India (Belgium), branch of Indian bank.
Query
1. Whether TDS applicable?
2. TDS rate as per DTAA?
3. TDS rate as per Income Tax Act?
Provide your reasons.
Nitesh
(Officer F&A)
(28 Points)
Replied 09 September 2015
Friends,
At what rate TDS to be deducted on payment of interest paid to foriegn bank in Belgium.
Wheater it will be at 10% or 15%..??
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