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TDS on interest Paid to NRI individual.
What is the rate of TDS on INTEREST PAID ON UNSECURED LOANS BY PRIVATE LIMITED COMPANY TO NRI INDIVIDUAL and under what section
Replies (3)
TDS is to be deducted u/s 195 including Cess & surcharge, if applicable. Also, refer the DTAA with that country and, If the applicable rate of taxation in DTAA is lesser, then TDS has to be deducted at that rate.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
But sir, is section 195 applicable to Private Limited Companies?
No, section 195 is applicable to all assessees.
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