Tds on dividend

This query is : Resolved 

31 October 2011 our company want to pay dividend to a foreign company based in maurisus.please tell abount TDS liability.

31 October 2011 TDS u/s 194 is to be deducted only on Deemed dividend within the meaning of Section 2(22)(e). Rate is 10% (No SC & Cess). In case of No PAN TDS to be deducted @20%. This is applicable for payments to resident.

In case of Non resident DTAA will be applicable.

See below link for details---

http://www.simpletaxindia.org/2011/02/tds-rate-2010-11-under-dtaa-treaties.html


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