Applicability of sec 195 for raw material imports
This query is : Resolved
27 June 2013
whether payments for import of Raw Material by an Indian Company from a supplier in u.k attracts the provisions of Section 195? Does the DTAA contain any clause exempting the withholding of tax on raw material payments?
The foreign supplier has no PE in India.
Does Sec195 read with Sec 9 has any implication on this?
Please suggest.
The foreign supplier has no PE in India.
Does Sec195 read with Sec 9 has any implication on this?
Please suggest.
27 June 2013
PAYMENT AGAINST PURCHASE OF GOOD NOT LIABLE TO TDS, HENCE TDS RATE MENTIONED UNDER SEC 195 AND DTAA ARE NOT APPLICABLE.
However you need to obtain form 15 CB and file form 15 CA.
However you need to obtain form 15 CB and file form 15 CA.
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