tds on interest to foreign banks

Mr. Sathikonda,

Thanks for your kind help.

I have got answer to this query by reading the DTAA with Germany.

Thanks Once Again.

i am sorry that i couldnt complete the discussion ...because i am in hospital ....i  met an accident the oter day ....sorry ....

Mr.Sanjay Kumar

I wish you a speedy recovery.  Where from you are? I mean which city/town.  Our city Hyderabad, here  trafic is accident prone. 

Best Wishes

Sathikonda

Ms.Pallavi Vohra

Thank you for the gesture you have bestowed upon me.

Best Wishes

Sathikonda

Dear friends,

Required your valuable answer in following Case study;

Nature of Expenses - Interest

Amount - $ 10000

Paid by - Indian Company

Paid to - Bank of India (Belgium), branch of Indian bank.
 

Query

1. Whether TDS applicable?

2. TDS rate as per DTAA?

3. TDS rate as per Income Tax Act?

Provide your reasons.

Friends,

At what rate TDS to be deducted on payment of interest paid to foriegn bank in Belgium.

Wheater it will be at 10% or 15%..??