Author : Anonymous
( Author )
21 June 2012
Our company is private limited company and engaged in processing of steel. Our parent company (Korea) have given guarantee to our bankers to borrow working capital loan. Now we are making guarantee fee payment to our parent company after deducting tds amount.
Whether possible to remit the garantee fee without deducting tds.
Wheter I can get exemption under section 195 for gurantee fee payment.
if possible, what is procedure for getting exemption from income tax dept.