Tds u/s 195 for interest payment to non resident company

TDS 608 views 1 replies

DEAR ALL,

 

PLEASE TELL WHAT IS THE RATE OF TDS FOR INTEREST PAYMENT TO THE NON RESIDENT COMPANY . THE INTEREST PAYMNET IS IN NATURE OF INTEREST CHARGED BY THE FOREIGN COMPANY FOR THE DELAYED PAYMENT AGAINST PURCHASE OF RAW MATERIAL. ALSO TELL WHETHER GROSSING UP IS APPLICABLE ??

Replies (1)

The answer shall depend on lot of things,namely :-

  1. Where the person giving loan is situated.
  2. Whether the foreign party is having PAN.
  3. wharther the foreign party has obtained TRC from its Income Tax Department.

Anuj

femaquery @ gmail.com


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