sec 194- a
This query is : Resolved
CA S Sundararajan
(Querist)
23 April 2008
Dear Sir,
Sec- 194 -4 " TDS on interest other than Interet on Security" states that tax to be deducted while paying interest to resident. In such a case any interest (other than interst on security ) payable to NOn- resident is exempt from the ambit of TDS ?
Sec- 194 -4 " TDS on interest other than Interet on Security" states that tax to be deducted while paying interest to resident. In such a case any interest (other than interst on security ) payable to NOn- resident is exempt from the ambit of TDS ?
pushpendra
(Expert)
23 April 2008
For NRI you have to check the provisions of sections 115
Hari Venkata Ramana
(Expert)
23 April 2008
I understand interest paid to non-residents will come under section 195 'Payments to Non-residents" where whitholding tax will apply w.r.t relevant DTAA provisions. If I am wrong I can be corrected.
Thanking you,
Thanking you,
23 April 2008
I AGREE WITH SRI RAMANA.
SEC 195 CLAUSE i applies for tds on int.paid to non res.
TDS deductible @ the rates specified therein or ADT RATES whichever is lower.
R.V.RAO
SEC 195 CLAUSE i applies for tds on int.paid to non res.
TDS deductible @ the rates specified therein or ADT RATES whichever is lower.
R.V.RAO
24 April 2008
Sec 115 is also relevant
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Import Order Cancelled.
- Capital gains in IT returns
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- GST ITC as per notification 12/2023- central tax
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
