Withholding tax
This query is : Resolved
04 May 2012
our client has to remitt. interest with principal amount to Afrasia bank, Mauritius.
Please advise reg. withholding tax with circular no. & date
Please advise reg. withholding tax with circular no. & date
04 May 2012
TDS on interest is to be done. Contact a chartered accountant, he will issue form 15CA after verifying your payment.
04 May 2012
withholding is applicable on Interest portion and not on Principal amount.
you need to issue two separte form 15CA and Form 15CB for Interest and principal.
Rate of Tax - If the Bank have PAN in India, then DTA rate of applicable rate which ever is lower.
If bank do not have the PAN - rate will be 20% (As per section 206AA.
you need to issue two separte form 15CA and Form 15CB for Interest and principal.
Rate of Tax - If the Bank have PAN in India, then DTA rate of applicable rate which ever is lower.
If bank do not have the PAN - rate will be 20% (As per section 206AA.
Message likes :
1 times
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
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Non filing of I T Returns
- UDIN ISSUE
- Change Of Karta In Case of Death
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- 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
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
