will education cess be added to rate of 5% uder section 194LB for deducting TDS at the time of payment to NRI by way of interest on infrastructure debt fond reffered u/s10[47]?????????????
plz reply soon..........
Menu
Direct tax c.a. final
Replies (1)
Education cess and secondary and higher education cess are applicable for TDS purposes in the case of tax deduction from payment of salary to a resident or a non-resident. Education cess and secondary and higher education cess are also applicable in the case of payment or credit of any other sum to a non-resident or a foreign company. In no other case, education cess and secondary and higher education cess are applicable for TDS purposes. So education cess is to be added to rate of 5% uder section 194LB for deducting TDS at the time of payment to NRI by way of interest on infrastructure debt fond reffered u/s10[47]
Recent Topics :
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
Related Topics :
CAclubindia
