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TDS U/S 195

Others 358 views 7 replies
At what rate we need to deduct tds in our books while making payment to NRIs
Replies (7)
Income from investments made by a NRI 20%
Income from long-term capital gains under Section 115E for a NRI 10%
Income from long-term capital gains 10%
Short-term capital gains under Section 111A 15%
Any other income from long-term capital gains 20%
Interest payable on money borrowed in foreign currency 20%
Income from royalty payable by the Government or an Indian concern 10%
lncome from royalty other than that which is payable by the Government or an Indian concern 10%
lncome from fees for technical services payable by the Government or an Indian concern 10%
Any other source of income30%
Mam it's an royalty case you plz tell me do i need tp deduct 10% or 10.4% (including education cess) ??
Only 10% TDS will be deducted
Ok so how will i show education cess in tds statement
No entry will be made for education cess as TDS does not include education cess.
just simply deduct TDS @ 10% which will show in 26AS of party.
But i need to deposit it with education cess on challan
@ Sandeep
I think TDS under 195 in this case, is to be deducted @ 10.40%
(10% TDS + 4% of 10% as Cess)


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