Form 15g for non resident indivdiual
This query is : Resolved
Akshay Shah
(Querist)
27 May 2014
Can a Non Resident Individual submit form 15G.
His Income liable to tax is below exemption limit.
Kindly suggest.
Thanking you.
His Income liable to tax is below exemption limit.
Kindly suggest.
Thanking you.
Nitin Bhuta
(Expert)
27 May 2014
No it cannot be used
Akshay Shah
(Querist)
27 May 2014
Can you provide me with rate of TDS u/s 195 for payment of interest to non resident.
Nitin Bhuta
(Expert)
27 May 2014
It depends upon DTA executed. Check out DTA of the respective country.
Akshay Shah
(Querist)
27 May 2014
Whats the rate as per Income Tax Act?
Nitin Bhuta
(Expert)
27 May 2014
Generally 10% but with some countries it ranges to 12.5% or 15% or 25% also.
Akshay Shah
(Querist)
27 May 2014
Ok.
Thank you for your valuable consideration
Thank you for your valuable consideration
Rupesh Jain
(Expert)
27 May 2014
you can pay amount afer tDS u/s 195 @ 10% but it one problem when you deducted the TDs 10% if non resident have no PAN then TRACE demand 10% extra due to non resident have no PAN.
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