Tds u/s 195
This query is : Resolved
Guarav Sharma
(Querist)
08 May 2014
Dear Expert,
One of my client who is company foriegn remiitance of Loan installment details are as follows:-
Amount: $ 130000
Interest : $ 30000
Payee Constitution: Company
Payee country : Honkong
My query is whether to deduct TDS on interest component(i.e. $ 30000) only or on whole amount(i.e. $ 130000).
One of my client who is company foriegn remiitance of Loan installment details are as follows:-
Amount: $ 130000
Interest : $ 30000
Payee Constitution: Company
Payee country : Honkong
My query is whether to deduct TDS on interest component(i.e. $ 30000) only or on whole amount(i.e. $ 130000).
Nikhil Kaushik
(Expert)
09 May 2014
only on the interest portion.....
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