Interest on loan
This query is : Resolved
R.senthilkumar
(Querist)
23 August 2014
is tds applicable interest on ecb loan?
23 August 2014
yes it is applicable........................
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R.senthilkumar
(Querist)
23 August 2014
which u/s sir? how to calculate?
Nikhil Kaushik
(Expert)
23 August 2014
you need to deduct TDS under section 195. the interest rate will depend on the provisions of DTAA
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Nikhil Kaushik
(Expert)
23 August 2014
in addition, refer to section 194LC. the rate beneficial to payee (ie between 194LC and DTAA) shall be applicable.
Nikhil Kaushik
(Expert)
23 August 2014
refer https://taxguru.in/income-tax/tds-tax-rate-interest-income-nonresident-redued-5-20.html for 194LC application
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R.senthilkumar
(Querist)
23 August 2014
Thank You for replying me sir
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