Payment of interest against loan to nri


This query is : Resolved 

31 December 2012 if a NRI INVEST OR LEND MONEY TO PRIVATE LIMITED COMPANY IN INDIA, AND THE COMPANY PAID HIM INTEREST FOR SUCH LOAN THEN WHAT IS THE PERCENTAGE OF TDS IS DEDUCTED. AND ALSO --IS THEY HAVE PAN NO.?
-HOW TO MAKE RETURN FOR TDS DEDUCTED OF NRIs?

PLEASE HELP ME ITS VERY VERY URGENT FOR ME...

31 December 2012 Hi

TDS @ 20% plus 3% cess .

No they would not be having PAN no.

Thanks!!

31 December 2012 Hello,

But in CIRCULAR NO. 7/2012 [F.No. 142/17/2012-SO(TPL)], dated 21-9-2012 under sec 194LC only 5% is mentioned.

I getting little bit confused.

pls help me out.


14 March 2013 Please check as FEMA doesnot permit giving of loans by NRI's as simply as you have mentioned.

There are prescribed set of rules to be followed.


Anuj
femaquery@gmail.com


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details