Categories
CBDT Income Tax PAN TDS Traces

Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business Trust

Deductor- The Indian Company or a business trust paying interest income Deductee- A non-resident, not being a company, or to a foreign company Time of Deduction- At the time of credit or payment, whichever is earlier. Rate of TDS- 5%. In addition to the same, the Education Cess and SHE Cess is to be added […]

Categories
CBDT Income Tax PAN TDS Traces

Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business Trust

Deductor- The Indian Company or a business trust paying interest income Deductee- A non-resident, not being a company, or to a foreign company Time of Deduction- At the time of credit or payment, whichever is earlier. Rate of TDS- 5%. In addition to the same, the Education Cess and SHE Cess is to be added […]

Categories
NSDL Traces

Section 194A- TDS on Interest (Other than Interest on Securities)

TDS to be deducted on interest payable like interest on fixed deposit, interest on unsecured loan. Interest on securities are not covered under this section but covered under Section 193. Time of Deduction- TDS to be deducted at the time of payment or credit, whichever is earlier. Deductor- Individual and HUF who are liable to […]

Exit mobile version