payment of interest loan taken from NRI(TDS applicable ?)
This query is : Resolved
04 September 2010
Individual A has taken loan from an NRI of say Rs 15,00,000.00 during F Y 2009-2010.He have to pay interest on the loan. his accounts are not in audit in f y 2008-2009. Is he have to diduct TDS on interest payment and if he than at what rate.
Thanks
U.B.Mittal
Thanks
U.B.Mittal
10 September 2010
yes. TDS applicable subject to the rate under DTAA for the particular country and Sec.195
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