payment to foreign entity

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Arun Kumar Aggarwal
Service

[ Scorecard : 65]

Posted On 03 January 2008 at 14:46

URGENT: My this query is pending on the FORUM since last 3 days. Please pay attention and reply.

Dear all,

A co. in india is making payment for Rig Hire charges, to a US firm.What is the rate of TDS.( withholding Tax ). Within how many days TDS should be deposited with Gov. of India.

Is there any liability under the service tax is also there.

Can we dalay the entry of Invoice for Rig hire charges in our books till the date of actual payment to delay the TDS payment. Please advice.

CA. Arun K. Aggarwal

CA BHAVIN
CA

[ Scorecard : 39]

Posted On 03 January 2008 at 17:04

SERVICE TAX APPLIES ONLY SERVICES PROVIDED IN INDIA AND PERMANENT ESTABLISHMENT ALSO REQUIRED BY THE FOREIFN CO. IF RIG HIGHER CHG. PAID ON CNY CONTRACTUAL OLIGATION THEN YOU DEDEUCT TAX RATE SPECIFID FOR THE WORKS CONTRACT OTHERWISE FEES FOR TECHINICAL SERVICES

(Guest)

Posted On 05 January 2008 at 21:26

I WANT NEW EDITION AND CHANGES SO PLS INFORM ME

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