DTAA_Payment to Non Resident
This query is : Resolved
07 October 2019
Artist fees payable in Spain to Non Resident for performance in India, whether DTAA is applicable? What will be the rate of TDS to be deducted ?
08 October 2019
DTAA applicable.
As per section 194E of the Income Tax Act, 1961, any person making payment of income referred to in section 115BBA of the Income Tax Act, 1961 to the following persons shall be liable to deduct TDS –
A non-resident sportsman (including an athlete); or
An entertainer who is not a citizen of India; or
A non-resident sports association / institution.
The Deductor liable to deduct TDS under section 194E is required to deduct TDS @ 20%.
As per section 194E of the Income Tax Act, 1961, any person making payment of income referred to in section 115BBA of the Income Tax Act, 1961 to the following persons shall be liable to deduct TDS –
A non-resident sportsman (including an athlete); or
An entertainer who is not a citizen of India; or
A non-resident sports association / institution.
The Deductor liable to deduct TDS under section 194E is required to deduct TDS @ 20%.
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08 October 2019
thank you sir.
In filing form 15CB
Point no 8
Taxability under the provision of income tax Act (without considering DTAA)
we have to specify whether remittance is chargeable to tax in India ,
we have to select Yes ?
if yes then what will come in basis of taxable income and tax liability ?
In filing form 15CB
Point no 8
Taxability under the provision of income tax Act (without considering DTAA)
we have to specify whether remittance is chargeable to tax in India ,
we have to select Yes ?
if yes then what will come in basis of taxable income and tax liability ?
08 October 2019
Select Yes.
Section 115BBA An entertainer who is not a citizen of India
Section 115BBA An entertainer who is not a citizen of India
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08 October 2019
Thank you sir. Is it complusory to obtain TRC from Payee?
08 October 2019
Not required if the people known to you
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08 October 2019
Since will be deducting 20.8% TDS as per section 194E,
so in Point no 9 of Form 15CB stating If income is Chargeable to Tax in India and any relief is claimed under DTAA
Taxable Income & Tax Liability as per DTAA What amount will come here ?
so in Point no 9 of Form 15CB stating If income is Chargeable to Tax in India and any relief is claimed under DTAA
Taxable Income & Tax Liability as per DTAA What amount will come here ?
08 October 2019
No relief claimed.
Nil/0 amount.
Nil/0 amount.
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