TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961

  Nature of Payment Co. Others
1. Long Term Capital Gains u/s 115E NA 10%
2. Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38)) 20% 20%
3. Short Term Capital Gains u/s. 111A 15% 15%
4. Investment income from Foreign Exchange Assets NA 20%
5. Interest payable on moneys borrowed or debt incurred in Foreign Currency 20% 20%
6.

Royalty & Fees for technical services u/s. 115A
- Agreement  1st June, 1997 to 31st May, 2005
- Agreement on or after 1st June 2005


20%
10%

20%
10%
7. Winnings from Lotteries, Crossword Puzzles and Horse Races 30% 30%
8. Any Other Income 40% 30%

Surcharge & Education Cess

Type of Payment Surcharge Rate Health & Education Cess (4.00%)
Payment to Non-Residents (other than Cos) Upto 50 Lakh Nil Yes
> 50 Lakh but upto 1 crore

> 1 crore but upto 2 crore

> 2 crore but upto 5 crore

> 5 crore

 

 

10%

15%

25%

37%

 

 

 Payments to Foreign Co.
Upto 1cr Nil Yes
> 1 Crore 2%
> 10 Crores 5%

Interest on delay in deposit of tax after deduction

Stage of deduction

Upto 30th June 2010 (Rate permonth or part of the month)

From 1st July 2010 (Rate per month or part of the month)

From date when deductible till actual deduction

1% 1%

From date of deduction till payment

1% 1.5%


 
     
   
 
Event Calender
<2021 March>
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8910
Event Date : 10/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-7Monthly Return by Tax Deductors for February.
Goods and Services TaxGSTR-8Monthly Return by e-commerce operators for February.
11
Event Date : 11/03/2021
ActApplicable formObligations
Goods and Service TaxGSTR-1Monthly return of Outward Supplies for February.
1213
Event Date : 13/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-6Monthly Return of Input Service Distributor for February
Goods and Services TaxIFFOptional Upload of B2B invoices, Dr/Cr notes for February under QRMP scheme.
14
151617181920
Event Date : 20/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-5 & 5AMonthly Return by Non-resident taxable person for february
Goods and Services TaxGSTR-3BSummary Return cum Payment of Tax for Feb by monthly filers.
21
22232425
Event Date : 25/03/2021
ActApplicable formObligations
Goods and Services TaxPMT-06Deposit of GST of February under QRMP scheme.
262728
293031
Event Date : 31/03/2021
ActApplicable formObligations
Goods and Service TaxGST RFD-11Online Application for Letter of Undertaking (LUT) for Exports & Supplies to SEZ without payment of tax in 2021-22.
Goods and Services TaxGST CMP-02Opt for Composition schme for FY 2021-22. Existing ones are not required to apply again.
Goods and Services TaxGSTR-9CGST Audit Report for 19-20. Mandatory if Turnover > 5 cr.
Goods and Services TaxGSTR-9GST Annual Return for 19-20. Mandatory if Turnover > 2cr.
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