194A
This query is : Resolved
Gowtham Varma Alluri
(Querist)
09 March 2009
We have taken unsecured loan from NRI.
We paid interest against unsecured loan
more than 1Lakh every month. Just I want
know is there any TDS will applicable and
which %? we have in Under Tax Audit.
We paid interest against unsecured loan
more than 1Lakh every month. Just I want
know is there any TDS will applicable and
which %? we have in Under Tax Audit.
CA. B.SRINIVASULU
(Expert)
09 March 2009
TDS is surely applicable.
Have taken in Foreign currency or indian rupees.
If you have taken in foreign currency and paying interst in foregin currency in certifiate given by ca what is mentioned for tds.
If you have paid in indian rupees now you deduct tds and pay before 31st march.
Have taken in Foreign currency or indian rupees.
If you have taken in foreign currency and paying interst in foregin currency in certifiate given by ca what is mentioned for tds.
If you have paid in indian rupees now you deduct tds and pay before 31st march.
CA.SHAHZAD SAYYED
(Expert)
09 March 2009
% of TDS u/s 194A
1)if NRI is Individual, firm etc.
11.33% (i-e with surcharge only for individual for firm etc. Rate will be 10.3%)
2)if NRI is Company
20.6% (i-e without surcharge, beause payment is less than Rs.1 cror)
1)if NRI is Individual, firm etc.
11.33% (i-e with surcharge only for individual for firm etc. Rate will be 10.3%)
2)if NRI is Company
20.6% (i-e without surcharge, beause payment is less than Rs.1 cror)
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