TDS Deduction
This query is : Resolved
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
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
20 May 2008
Answered already
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
20 May 2008
In 15D, but on an application made by assessee u/s 197(1).
20 May 2008
In 15D, but on an application made by assessee u/s 197(1).
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