Nri tds return
This query is : Resolved
10 January 2013
IF NRI INVEST IN INDIAN COMPANY AS A LOAN FROM HIS NRO A/C AND TAKING INTEREST MONTHLY. THEN @ 20% TDS APPLICABLE ON INTEREST.
QUESTION IS--
1) WE HAVE TO MAKE RETURN FOR THIS, IF YES THEN HOW
2) IF THEY HAVE PAN NO. THEN WE CAN MAKE TDS RETURN FOR HIM, IF YES THEN SAME RATE IS APPLICABLE (e.i 20% TDS)OR THERE MUST SOME CHANGE IN THE RATES.
QUESTION IS--
1) WE HAVE TO MAKE RETURN FOR THIS, IF YES THEN HOW
2) IF THEY HAVE PAN NO. THEN WE CAN MAKE TDS RETURN FOR HIM, IF YES THEN SAME RATE IS APPLICABLE (e.i 20% TDS)OR THERE MUST SOME CHANGE IN THE RATES.
13 January 2013
NRI can't given loan to Indian Company.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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