Tds on interest paid for ecb loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2012 the indian company is a sister company of foreign company based in thailand
indian company has availed ECB loan and wants to repay principal with interest. Does the indian company is liable to deduct TDS on the payments made to thailand based company. will the decision be changed if it is foreign bank based in thailand.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

02 August 2012 TDS is very much applicable. The decision will not change even if it transfers interest from a foreign bank account situated out of India.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now