Category Archives: Withholding Tax

Consequence of Non Deduction of Withholding Tax (WHT / TDS)

To Avail Buyer’s / Supplier’s Credit: E: sanjaymandavia@gmail.com, M: +919825560186 As with other TDS defaults the consequences for Non deduction of Withholding Tax (WHT) may be broadly classified as under: Disallowance of the amounts paid under Section 40 (a) (i). It … Continue reading

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Buyer’s Credit from Mauritius Based Foreign Bank

To avail Buyer’s / Supplier’s Credit…E: sanjaymandavia@gmail.com, M: +919825560186 Since last week or so, Foreign bank branches based out of Mauritius are either not able to quote or are quoting above the RBI prescribed ceiling for 6 months LIBOR + 200 … Continue reading

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WHT (Withholding Tax) on interest on Buyers Credit

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 What is WHT (Withholding Tax) ? Tax levied on the interest paid by the Indian corporates to overseas lenders on the loans taken from them Why is it a deterrent ? Rates … Continue reading

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