https://www.taxtmi.com/forum/issue?id=1635 Whether withholding tax applies to interest on buyers' credit paid to overseas branches of banks depends on whether the interest is taxable in India. The issue is framed for two scenarios: payment to an overseas branch of an Indian bank and payment to an overseas branch of a foreign bank. One reply states the question requires detailed analysis of Indian taxability; another gives opposite answers for the two scenarios, denying withholding for the Indian bank's branch and affirming it for the foreign bank's branch. en-us Thu, 03 Dec 2009 12:50:00 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1635 Whether withholding tax applies to interest on buyers' credit paid to overseas branches of banks depends on whether the interest is taxable in India. The issue is framed for two scenarios: payment to an overseas branch of an Indian bank and payment to an overseas branch of a foreign bank. One reply states the question requires detailed analysis of Indian taxability; another gives opposite answers for the two scenarios, denying withholding for the Indian bank's branch and affirming it for the foreign bank's branch. Discussion-Forum Income Tax Thu, 03 Dec 2009 12:50:00 +0530 https://www.taxtmi.com/forum/issue?id=1635