tds u/s 195
This query is : Resolved
26 May 2011
private limited company paid interest to non resident whether witholding tax u/s 195 will be levy or not and is there any withholding tax on freight payment to non resident u/s 195
26 May 2011
1.U HAVE NOT STATED THE PUPRPSOE FOR WHICH INTEREST PAYABLE
EVERY INTEREST PAID BY A RESIDENT IS DEEMED TO ACCRUE OR ARISE IN INDIA except where the interest is payable in respect of any debt incurred or moneys borrowed and used, for the purposes of a business or profession carried on by such person outside India or for the purposes of making or earning any income from any source outside India
IF UR CASE IS NOT COVERED BY EXCEPTION THEN TAX DEDUCTION IS A MUST
2. THE TAX DED IN CASE OF FREIGHT PAYMENT WILL DEPEND ON MANY FACTORS
U WILL HAVE TO SHARE FULL FACTS REGARDING THE PAYMENT
CA MANOJ GUPTA
JODHPUR
09828510543
EVERY INTEREST PAID BY A RESIDENT IS DEEMED TO ACCRUE OR ARISE IN INDIA except where the interest is payable in respect of any debt incurred or moneys borrowed and used, for the purposes of a business or profession carried on by such person outside India or for the purposes of making or earning any income from any source outside India
IF UR CASE IS NOT COVERED BY EXCEPTION THEN TAX DEDUCTION IS A MUST
2. THE TAX DED IN CASE OF FREIGHT PAYMENT WILL DEPEND ON MANY FACTORS
U WILL HAVE TO SHARE FULL FACTS REGARDING THE PAYMENT
CA MANOJ GUPTA
JODHPUR
09828510543
26 May 2011
Yes there shall be liability to deduct TDS in both the cases.
Also check whether FEMA provisions have been complied for loan from NRI.
Anuj
0-9810106211
Also check whether FEMA provisions have been complied for loan from NRI.
Anuj
0-9810106211
27 May 2011
THE QUESTION OF TAX DEDUCTION UNDER SECTION 195 IN CASE OF NON-REESIDENTS ARISE ONLY IF THE SUM PAYABLE TO THEM IS CHARGEABLE TO TAX IN INDIA IF PAYMNT IS NOT CHARGEABLE TO TAX NO TAX DEDUCTION IS REQUIRED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
