Tds from overseas subsidary
This query is : Resolved
14 May 2013
Our company extended a loan of $ 50K to its WOS (Wholey Owned Subsidiary) in the United Kingdom
What interest rate can we charge as limit to charge the company
We plan to charge @ 20%
Also if UK company is to pay Interest, does it also have to charge TDS before paying the TDS
What interest rate can we charge as limit to charge the company
We plan to charge @ 20%
Also if UK company is to pay Interest, does it also have to charge TDS before paying the TDS
15 May 2013
I hope that loan is within the limits prescribed under FEMA.
Indian tax authorities would be happy to have 20% interest from UK subsidiary but UK tax authorities may have issue on the same in your UK tax assessment .
The withholding under UK laws needs to be checked from a UK consultant.
Anuj
Femaquery@gmail.com
Indian tax authorities would be happy to have 20% interest from UK subsidiary but UK tax authorities may have issue on the same in your UK tax assessment .
The withholding under UK laws needs to be checked from a UK consultant.
Anuj
Femaquery@gmail.com
15 May 2013
What are the prescribed limits of FEMA
and where can we check and verify the details
We have Loaned the Subsidiary as no bank in the UK were allowing Credit / Overdraft to new companies, therefore we had to Loan the Subsidiary
and where can we check and verify the details
We have Loaned the Subsidiary as no bank in the UK were allowing Credit / Overdraft to new companies, therefore we had to Loan the Subsidiary
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
