TaxTMI 
TaxTMI 
Applicability of Withholding tax
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....pplicability of Withholding tax<br> Query (Issue) Started By: - ANCHAL RASTOGI Dated:- 3-12-2009 Last Reply Date:- 1-5-2010 Income Tax<br>Got 2 Replies<br>Income Tax<br>1. A Indian Bank "A" arrange bu....
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....yers credit for a Indian company "B" through its overseas branch. My question as follows: Whether withholding tax is applicable on interest payment by "B" to overseas branch of Indian Bank on maturity....
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.... of buyers credit? 2. A Indian Bank "A" arranges buyers credit for a Indian company "B" through overseas branch of a foreign bank My question as follows: Whether withholding tax is applicable on inter....
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....est payment by "B" to overseas branch of foreign Bank on maturity of buyers credit? Reply By Rama Krishana: The Reply: I believe you question is not so simple. It is highly dependent on determination....
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.... of one question that whether such interest payable on maturity of credit is taxable in India. A detailed brainstorming is required. Reply By Anuj Gupta: The Reply: The answer of first query is NO and....
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.... for the second query is YES.<br> Discussion Forum - Knowledge Sharing ....