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TDS U/S 195

Sandeep Sharma (Accounts executive) (552 Points)

18 September 2019

At what rate we need to deduct tds in our books while making payment to NRIs

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Komal Barapatre (210 Points)
Replied 18 September 2019

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%

Sandeep Sharma (Accounts executive) (552 Points)
Replied 18 September 2019

Mam it's an royalty case you plz tell me do i need tp deduct 10% or 10.4% (including education cess) ??

Komal Barapatre (210 Points)
Replied 18 September 2019

Only 10% TDS will be deducted

Sandeep Sharma (Accounts executive) (552 Points)
Replied 18 September 2019

Ok so how will i show education cess in tds statement

Komal Barapatre (210 Points)
Replied 18 September 2019

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.

Sandeep Sharma (Accounts executive) (552 Points)
Replied 18 September 2019

But i need to deposit it with education cess on challan

Kapadia Pravin (17249 Points)
Replied 18 September 2019

@ 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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