Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174916 Points)
Replied 17 April 2017
Yes, but also depends upon nature of payment.
nitin sharma
(PRACTITIONER OF INCOME TAX SALES TAX AND GST)
(72 Points)
Replied 17 April 2017
sadikhali
(Accountant)
(74 Points)
Replied 17 April 2017
Rates prescribed under the Act has to be increased by surcharge and education cess at the prescribed rate. If the payment is being made as per DTAA rates, then there is no need to add surcharge and education cess. The rates are as follows:
| Particulars | TDS rates |
| Income in respect of investment made by a NRI | 20% |
| Income by the way of long term capital gains in Section 115E in case of a NRI | 10% |
| Income by way of long-term capital gains | 10% |
| Short Term Capital gains under section 111A | 15% |
| Any other income by way of long-term capital gains | 20% |
| Interest payable on money borrowed in Foreign Currency | 20% |
| Income by way of royalty payable by Government or an Indian concern | 10% |
| Income by way of royalty, not being royalty of the nature referred to be payable by Government or an Indian concern | 10% |
| Income by way of fees for technical services payable by Government or an Indian concern | 10% |
| Any other income | 30% |
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