05 May 2008
sec 195 clause i- any other income -payments to non residents(INDIVIDUALS/AOP/BOI)-stipulates TDS @ 30% plus edu .cess @ 3% ON TAXES, for below Rs.10 lakhs payments. for above Rs. 10 lakhs-TDS @ 30% add surcharge @ 10% plus edu.cess @ 3% ON TAXES. IF THE RECIPEINT IS A NON DOMESTIC CO. THEN TDS RATE IS 40%. ADD SURCHARGE @ 2.5%.THEN ADD EDU.CESS @3% ON TAXES. R.V.RAO
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