Tds u/s - 195
This query is : Resolved
06 March 2014
Please give me clarification on payment of Interest of HSBC (Mauritius) in respect of availing buyers' credit facility, whether on this transaction, TDS will be applicable or not.
06 March 2014
yes sec 195 is applicable...
06 March 2014
Why????? Reason...... Raete of TDS to be deducted??????
06 March 2014
since sec 195 deals with any payment to non resident corporates and @ 10% refer that section.
06 March 2014
BUT HDFC(MAURITIUS) IS THE FOREIGN COMPANY, IN 195 SEC. WRITTEN THAT NOT BEING A COMPANY, OR TO A FOREIGN COMPANY.......THEN???????
07 March 2014
still ni reply. Plz reply me
07 March 2014
still no reply. Plz reply me
07 March 2014
SEC APPLIES TO BOTH FORIEGN CO AS WELL AS NON RESIDENT INDIAN PLS READ IT CAREFULLY WORD BY WORD.
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