Dear Members,
We are doing some internal evalution to raise debt from outside India. We are considering following countries. Please can you help me to know the rate of withholding tax which need to be deducted against payment of interest. We may raised through banking or non banking route and the amount will be around USD.15 M.
Best Regards,
Amit
I presume here the funds are being arranged in form of External Commercial Borrowings.
If the TDS is being thrust upon Indian company then there is a need to look into the countries otherwise if the interest is being born by the foreign party.
Anuj
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