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TDS on loan from a foreign bank
If I take a loan from CITI bank, New York,will I be required to deduct TDS at the time of making the interest payment on the loan borrowed?Will section 195 of the Income Tax Act,1961 apply to such interest payment?How are other foreign transactions dealt with when it comes to TDS?
Replies (1)
Regarding the Foreign payments against intrest or instalment - tds will not be deducted..
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