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 Education Cess (3.00%)
Payment to Non-Residents (other than Cos) Upto 1cr Nil Yes
> 1 Crore 15%
 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 per month 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%

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Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
20 Feb 20 Filing of GSTR-3B for the month of Jan, 2020
20 Feb 20 Filing of GSTR-5 for Non-resident foreign taxpayer for the month of Jan 2019
20 Feb 20 GST Return for NRI OIDAR service provider for the month of Jan 2019 (GSTR 5A)
01 Mar 20 furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in month of January 19
01 Mar 20 Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194-IB in month of January 19
07 Mar 20 Payment of TDS of February 2020 (For Govt deductors paying through challan)
11 Mar 20 Filing of GSTR-1 for the month of Feb 2020 , whose turnover > 1.5cr
15 Mar 20 P.F Payment
15 Mar 20 ESIC Payments
15 Mar 20 furnishing of Form 24G by an office of Government where TDS for m/o Feb 2020 has been paid without production of a challan
16 Mar 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of January, 2020.
16 Mar 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of January, 2020
20 Mar 20 Filing of GSTR-3B for the month of Feb, 2020
20 Mar 20 Filing of GSTR-5 for Non-resident foreign taxpayer for the month of Feb, 2020
20 Mar 20 GST Return for NRI OIDAR service provider for the month of February 2020 (GSTR 5A)
30 Mar 20 furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in month of February 2020
30 Mar 20 Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194-IB in month of February 2020
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