tds to foreign co

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raghukumar (Querist)
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19 January 2010 i want pay Interest payament to one of unsecured loan in dubai

can any one suggest i have to in under which section and what will be rate on it

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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19 January 2010 Not very sure it will be under section 194A i.e. rate will be 10 or 20% as the case may be. Refer >>>> https://www.caclubindia.com/albums/browse_pic.asp?album_pic_id=2666

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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19 January 2010 I keep your query open :)

CA Prashant Gupta

CA Prashant Gupta (Expert)
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20 January 2010 u/s 195
it is assumed loan has been taken by a domestic company as I don't think you took loan as individual.
if interest payment is below 1 Core then 20.6% (20% +2% EC +1% SHEC)
if interest payment is more than 1 Croe and payment is made to a non-domestic company then 21.115 (20% +2.5% surcharge +2% +1%)

raghukumar

raghukumar (Querist)
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20 January 2010 interest amount has to pay in dubai based company by indian based company in form of interest on loan
it will cover in u/s 194a or 194b iam not confirmed on it and should be accourding to dtaa rate what will be rate dtaa

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