whether TDS is applicable on Payment of interest to HSBC. If yes under which section and what rate
Menu
TDS on interest to foreign banks
Replies (1)
A person responsible for making payment to a non-corporate non-resident assessee or to a company other than a domestic company, of any interest (other than interest on securities) or any other sum (not being salary) is required, at the time of payment or at the time of credit to the account of the payee (here HSBC), whichever is earlier to deduct income-tax thereon U/S-195 at the following rate:
|
INCOME TAX |
SURCHARGE |
EDUCATION CESS |
SHEC |
TOTAL TDS RATE |
|
20 |
0.5 |
0.41 |
0.205 |
21.115 |
Recent Topics :
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
Related Topics :
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
