banner_ad

TDS applicability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 March 2011 Hi,

I want to know i.e. whether TDS is applicable to residential Individual(TAx Audit not applicable) on Interest payment to NRI.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
21 March 2011 No TDS not required to be deducted as Tax Audit is not applicable.
Profile Image

Satyendra

Profile Image

Satyendra (Querist)
21 March 2011 Please give sec. reference for this suggestion.
Profile Image

Jainish shah

Profile Image

Jainish shah (Expert)
21 March 2011 Kindly refer section 195 of the Act.

According to the provision of this section,

"Any person" responsible for paying to a non resident, not being a company, or to foreign company, any interest or any other sum chargeable under the provisions of this act except salary shall deduct tax thereon.

the word "Any person" includes persons not liable to 44AB as well as any other persons.

Hence, you have to deduct tax on any payment which is income of that such NRI except salary.
Profile Image

Satyendra

Profile Image

Satyendra (Querist)
21 March 2011 Thank You Jainish Shah.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details