Withholding Tax
This query is : Resolved
18 January 2011
Dear Professional colleague,
My client has arranged foreign currency loan from foreign bank branch situated in one country and bank is incorporated in different country.
Now as interest is to be paid and withholding tax to be deducted, please guide which DTAA treaty will be used India-Branch Country treaty or India-Registered Office country treaty.
As the bank does not have PAN,will TDS will be deducted @20% overriding the treaty provisions.
Regards,
Piyush Jain
My client has arranged foreign currency loan from foreign bank branch situated in one country and bank is incorporated in different country.
Now as interest is to be paid and withholding tax to be deducted, please guide which DTAA treaty will be used India-Branch Country treaty or India-Registered Office country treaty.
As the bank does not have PAN,will TDS will be deducted @20% overriding the treaty provisions.
Regards,
Piyush Jain
19 January 2011
India -registered Office Country Treaty.
Yes 20% shall be deductible.
Yes 20% shall be deductible.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
