what will be the TDS provisions on payment of interest to a Singapore Based Foreign Bank?????????????????
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Tds on foriegn payment
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if we have taken loan form any party (including banks ) which is non resident as per indian income tax act. 1961, in such circumstance we have to deduct tax @ 10%. and we have to take CA CERTIFICATE FOR FOREIGN PAYMENT UNDER SECTION 195 OF THE ACT.
i have read and interprete the double taxation avoidance agreement made between india and sigapore.
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