TDS U/S 195
Sandeep Sharma (Accounts executive) (552 Points)
18 September 2019
At what rate we need to deduct tds in our books while making payment to NRIs
7 Replies
Komal Barapatre
(210 Points)
Replied 18 September 2019
Income from investments made by a NRI 20%
Income from long-term capital gains under Section 115E for a NRI 10%
Income from long-term capital gains 10%
Short-term capital gains under Section 111A 15%
Any other income from long-term capital gains 20%
Interest payable on money borrowed in foreign currency 20%
Income from royalty payable by the Government or an Indian concern 10%
lncome from royalty other than that which is payable by the Government or an Indian concern 10%
lncome from fees for technical services payable by the Government or an Indian concern 10%
Any other source of income30%
Income from long-term capital gains under Section 115E for a NRI 10%
Income from long-term capital gains 10%
Short-term capital gains under Section 111A 15%
Any other income from long-term capital gains 20%
Interest payable on money borrowed in foreign currency 20%
Income from royalty payable by the Government or an Indian concern 10%
lncome from royalty other than that which is payable by the Government or an Indian concern 10%
lncome from fees for technical services payable by the Government or an Indian concern 10%
Any other source of income30%
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 18 September 2019
Mam it's an royalty case you plz tell me do i need tp deduct 10% or 10.4% (including education cess) ??
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 18 September 2019
Ok so how will i show education cess in tds statement
Komal Barapatre
(210 Points)
Replied 18 September 2019
No entry will be made for education cess as TDS does not include education cess.
just simply deduct TDS @ 10% which will show in 26AS of party.
just simply deduct TDS @ 10% which will show in 26AS of party.
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 18 September 2019
But i need to deposit it with education cess on challan
Kapadia Pravin
(17259 Points)
Replied 18 September 2019
@ Sandeep
I think TDS under 195 in this case, is to be deducted @ 10.40%
(10% TDS + 4% of 10% as Cess)
I think TDS under 195 in this case, is to be deducted @ 10.40%
(10% TDS + 4% of 10% as Cess)
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