TDS on Dividends distributed abroad


This query is : Resolved 

20 June 2007 Ours is a Private company having a Joint venture with a Saudi based Company.Majority of the stake is owned by d foreign co.
When I declare n pay dividend, should I deduct TDS.
What wud be ur answer if it is TDS on interest paid to a non-resident?

Pls cud yu give me a detailed explanation, if possible.

20 June 2007 Regardign dividend you have to pay "Dividend distribution tax" @15% on total distrubutable profit.
Interest paid to a non-resident would attract TDS u/s195.

22 June 2007 as regards to the payment of intt to the nri ,DTAA with that country is applicable & ca certificate in duplicate is also required.


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