195 of it act
This query is : Resolved
Nitish jain
(Querist)
22 August 2011
Respected Sir/madam
I have a client who has to pay license fees to company in UK what shall be rate of TDS and compliance procedure of DTAA .The foreign party has no PAN
I have a client who has to pay license fees to company in UK what shall be rate of TDS and compliance procedure of DTAA .The foreign party has no PAN
CA. Anuj Gupta
(Expert)
22 August 2011
License Fees should normally qualify as Royalty and hence TDS rate should be 10.51% but since the foreign party doesn't have PAN the TDS should be deducted @20%.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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