Respected members,
Topic is of withholding tax on interest payments to Foreign Branches of Indian Banks on ECB Borrwings. Following are the burning issues:-
1. What would be the residential status of "Foreign Branches of Indian Banks"?
2. Whether TDS is applicable u/s 195 or will be covered under the exemptions of section 194A?
Kindly share your view with the legal supporting (if any)...
Thanks & Regards...!!!
Topic is of withholding tax on interest payments to Foreign Branches of Indian Banks on ECB Borrwings. Following are the burning issues:-
1. What would be the residential status of "Foreign Branches of Indian Banks"?
2. Whether TDS is applicable u/s 195 or will be covered under the exemptions of section 194A?
Kindly share your view with the legal supporting (if any)...
Thanks & Regards...!!!