My query is if foreign company registered in India as Foreign subsidiaries company.
Now need to pay royalty fees to Foreign subsidiaries company, please advice which section tds will be deduct (194 J or 195) and which form will be used for filling of TDS return 26 or 27 and rate of TDS deduction also.
01 April 2014
if the payment is made to the subsidiary registered in India, it shall be covered under 194J. However, if the payment is made directly to the parent company, it shall be covered under 195.
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