TDS on ncd interest to NRI
This query is : Resolved
Quick Summary
20 May 2023
Hi, which rate is to be applied for deducting tds on interest on ncd paid to non residents.
Also can we collect form 15G/H from non residents.
Also can we collect form 15G/H from non residents.
20 May 2023
30% plus cess applicable on NRI payment.
No such form can be collected from NRI.
No such form can be collected from NRI.
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20 May 2023
Sir, I have a query as can we charge 20% as when i check TDS rate chart under section 195 -"Income in respect of investment made by a Non-resident Indian Citizen" rate is given as 20%. Will interest on NCD come under this category
should we deduct 30% +cess 0r 20% or cess
should we deduct 30% +cess 0r 20% or cess
20 May 2023
Agree with you it's 20%.
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