Form 27Q: TDS Return in Case of Payments to NRI

SECTIONS

NATURE OF PAYMENTS

RATES

194E

Payments to non-resident Sportsmen/ Sports Associations

20%

194LB

Payment of interest on infrastructure debt fund

5%

194LC

Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)

5%

 195-Other sums payable to non-residents:

Payment in respect of investment made by a Non-resident Indian Citizen

 20%

Payment to Non-resident Indian Citizen in respect of Investments from assets other than specified assets in form of long-term capital gains

10%

Payment to non-resident Indian Citizens in respect of unlisted securities or shares of the company other than a public company. Capital gains in respect of such asset as computed without giving effect to the first and second proviso to section 48;

10%

Payment made to non-residents that forms part of their income by way of long-term capital gains as referred to in Section 112A

10%

Payment made to non-residents that forms part of their income by way of short-term capital gains referred to in Section 111A

15%

Any other payment made to non-residents that forms part of their income by way of long-term capital gains [not being long-term capital gains referred to in section 10(33), 10(36) and 112A

20%

Payment of interest by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)

20%

Payment of royalty by Government or an Indian concern in relation with the transfer to rights of copyrights, computer software, and other agreements.

10%

Payment of fees for technical services by the Government or an Indian concern

10%

Any other income

30%

196B

Payments in respect of units to an offshore fund

10%

196C

Payment to non-residents in respect of Foreign currency bonds or shares of Indian Company

10%

196D

Payment to foreign institutional investors in respect of securities (not being dividend or capital gain arising from such securities)

20%

QUARTER

QUARTER PERIOD

DUE DATE

1^st Quarter

1st April to 30th June

31^st July 2019

2^nd Quarter

1st July to 30th September

31^st October 2019

3^rd Quarter

1st October to 31st December

31^st January 2020

4^th Quarter

1st January to 31st March

31^st May 2020

Particulars

Interest Rate

If not DEDUCTED

1% per month or part of the month from due date of deduction to actual date of deduction

If not DEPOSITED

1.5% per month or part of the month from the

actual date of deduction to the actual date of payment

Section

Minimum penalty

Maximum Penalty

Late filing of 27Q

(Penalty u/s 234E)

@200 per day until filing of return

Maximum penalty can be equal to the amount of TDS deducted

Non- filing of 27Q

Penalty u/s 271H*

10,000/-

1,00,000/-