interest on capital to nri partner
This query is : Resolved
22 October 2017
Hi
plz suggest
whether the firm has to deduct tds if it is paying interest on capital to its Nri partner.
if yes then under which section and at what rate?
plz reply
22 October 2017
Pl check whether section 195 applies in your case.
22 October 2017
I am also in the same doubt whether sec 195 will apply here or not.some of the experts are saying that it is covered under exception of sec 194 that tds is not to be deducted on interst on capital of partners.
But the question is here the partner is non resident so if sec 195 applies here then at which rate we have to deduct tds? plz reply with relevant provisions.
Thanks
23 October 2017
30% subject to DTAA applicable, if any. Also kly go through the link https://www.caclubindia.com/experts/interest-to-nri-partner-on-capital-702795.asp
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