Question ID :
40910
TDS applicability on Interest to NRI Partner
Whether TDS provisions is applicable on interest payment on Capital to NRI Partner ? If Yes, Please mention Relevant Sections.
Posted by
ARIHANT JAIN
on
Dec 03, 2020
Filed Under
DIRECT TAXES
yes, as per section 195 tds provision is applicable on interest payment to NRI Partner.
Posted by
SHUBHAM SONI on
Dec 04, 2020
Answer ID :
80840
Payments made to non-residents are covered under TDS mechanismand tax in such a case is to be deducted as per Section 195.
Posted by
CA. BISHT RAKESH on
Dec 15, 2020