Web144 rows · Section 194LD:Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified … WebJul 31, 2024 · Here, the TDS payment would be deducted on Rs 40 lakh, at the rate of 0.1%, as Section 194Q mandates TDS to be deducted only on amounts exceeding RS. 50 lakh. The TDS payment of Rs. 4000 needs to be deducted from Rs. 90 lakhs at the time of payment or crediting of the invoice amount. Note: The TDS on purchase of goods would be deducted …
Indian Tax Deducted at Source (TDS) overview - Finance
WebJun 22, 2024 · Foreign companies Further, non-resident Indians with Income chargeable under Section 195 are deemed as the payee. You must also note that the rate of TDS under Section 195 is decided based on the nature of income or payment made. Nature of Payment Payment of any interest (not being interest referred to in section 194LB, 194LC, and 194LD) WebAug 3, 2024 · Tax withholding on Foreign Payments (TDS Deduction) Responsibility of deducting / withholding tax on Foreign Payments; Deductible Payments under Section 195 … tlm property maintenance
TDS Rate Chart for FY 2024-24 (AY 2024-25) - ClearTax
WebApr 10, 2024 · TDS on foreign payments refers to the tax deductions made on payments made to foreign companies or individuals. The Indian government has enacted various … In this regard, Section 195 of the Income Tax Act, 1961 specifies the TDS provision in the case of an individual making a payment by way of interest or any other amount other than salary to an NRI or a foreign company. Non-resident Indians (NRIs) also need to file their tax returns for the income earned in India. See more As per the said provisions, a person is said to be a non-resident in India if not a resident in India, as laid out in section 6 of the Act. A person will be a resident of … See more Any person who makes any payment (other than salary or interest referred to in sections 194LB, 194LC and 194LD) taxable in India to a non-resident must deduct … See more No, there is no threshold limit to deduct TDS under Section 195. However, the payer must deduct tax only when the payment made to a non-resident is taxable in … See more TDS is deducted at either of the following rates, whichever is more beneficial to the payee: 1. Rates as per the Finance Act of the given year 2. Rates contained in the … See more WebApr 13, 2024 · 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 194LC. Income by way of interest by an Indian specified company to a non- resident/foreign company on foreign currency approved loan/long-term. infrastructure bond ‘from outside India. tlm ratio