Deduction of TDS

This query is : Resolved 

19 January 2011 I want to know whether TDS would be deducted on payment made to London stock exchange for publication of notice on its website? The company has published a notice on website of London Stock Exchange. And if such, under which section deduction would be made?

20 January 2011 The character of advertisement income shall be be business income and if the LSE doesn't have a PE in India then no TDS is required.


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