Tds on buyers credit and form 15ca cb

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2015 DEAR SIR
WE HAVE TAKEN A BUYERS CREDIT FROM JP MORGAN BANK SINGAPORE THROUGH OUR ICICI BANK IN INDIA NOW WE HAVE TO MAKE REPAYMENT OF THE SAID BUYERS CREDIT ALONG WITH INTEREST SO KINDLY GUIDE US WHAT IS THE RULE FOR TDS ON THE INTEREST PAYMENT

03 June 2015 TDS applicable at 20% see the link.
https://ada.org.in/file_upload/1378885416Section%20195%20Withholding%20tax%20rate%20chart.pdf

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2015 FIRST OF ALL THANKS FOR REPLY NOW WE HAVE ONE MORE QUERY AS ER OUR BANK WE HAVE TO PAY TOTAL AMOUNT OF INTEREST WITHOUT ANY TDS DEDUCTIONS TO THE FORN BANK AND WE HAVE TO BEAR THE TDS AMOUNT AS A EXPENSES IN THAT CASE HOW WE FILL FORM 15CA CB IF POSSIBLE KINDLY SEND A FILLED COPY OF 15 CA CB

03 June 2015 Grossed up TDS has to be deducted in such a case.


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