TDS on NRI Interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
A resident Indian has taken loan from NRI. and he is not covered u/s 44AB for deduction of TDS.
Now question is
Whether payment to NRI in India rupees attracts TDS provision u/s 195 of IT Act as Resident India does not have TAN no? Whether he should apply for TAN No
In the above case, if loan is taken in indian Rupee from NRI (Ordinary Account)TDS is required to be deducted
Now question is
Whether payment to NRI in India rupees attracts TDS provision u/s 195 of IT Act as Resident India does not have TAN no? Whether he should apply for TAN No
In the above case, if loan is taken in indian Rupee from NRI (Ordinary Account)TDS is required to be deducted
17 June 2011
Yes the resident Indian should apply for TAN and deduct TDS.
Also the applicable provisions of FEMA applicable for loan from NRI also should be taken care of.
Anuj
0-9810106211
Also the applicable provisions of FEMA applicable for loan from NRI also should be taken care of.
Anuj
0-9810106211
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- TDS 194-T applicability
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
