tds to foreign co

This query is : Resolved 

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

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

19 January 2010 I keep your query open :)

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%)

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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