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


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