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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Opting our of sec 44AD
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
