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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2010 whether i have to deducted TDS on Interest on buyers credit paid to standard chartered bank, singapore at what rate?

21 August 2010 If it is usance interest ( credit purchase from overses through bank) TDS is applicable under section 195 subject to DTAA,if any.
Citation :- CIT Vs. Vijay Ship breaking corpn 261 ITR 113 (Guj).

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2010 but sir at what rate wheter at 10% or 20% we do not have pan no of sthandard chartered bank, singapore........ kindly specified....


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