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TDS on ncd interest to NRI

This query is : Resolved 
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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 May 2023 30% plus cess applicable on NRI payment.
No such form can be collected from NRI.
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Anu Elizabeth Shaju

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Anu Elizabeth Shaju (Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 May 2023 Agree with you it's 20%.
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