TDS Deduction

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Hema Desai (Querist)
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20 May 2008 Hi
I need to know where TDS is to be deducted in following case or not?
NRI has invested money in India as Loan to a private limited company
He never comes to India and is settled in US
Whether Indian Company should deduct TDS on Interest payable to him ?
If yes at what rate and Under which section?
How do we give him TDS certificate? and how do we update it in TDS Return those details?
If no than is DTAA benefit available?
If DTAA is applicable what kind of paper work is required?

Its very urgent kindly reply ASAP

Thanks and Regards

Hema Desai

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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20 May 2008 Answered already

Hema Desai

Hema Desai (Querist)
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20 May 2008 is it possible to get non deduction certificate in form no 15c/15D in the above case and is there any time limit for the same

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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20 May 2008 In 15D, but on an application made by assessee u/s 197(1).

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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20 May 2008 In 15D, but on an application made by assessee u/s 197(1).

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