Dtaa with usa
This query is : Resolved
Surinder Pal Singh
(Querist)
22 October 2012
Dear Sir,
We have to pay audit fee to firm in USA for doing audit on our behalf in Bangladesh. Please suggest whether any tax on audit fee is required to be deducted.
We have to pay audit fee to firm in USA for doing audit on our behalf in Bangladesh. Please suggest whether any tax on audit fee is required to be deducted.
Amol S Joglekar
(Expert)
22 October 2012
Taking "we" as resident and ordinarily resident in India, section 195 is applicable.
Arun Biyani
(Expert)
23 October 2012
PL see if the audit firm has business connection / PE in india as the income chargeble to NRi are only those which are recieved, deem to be received, accrue or deem to be accrued in india, dividend outside india by indian company, interest, royalty, salary, and fees for technical service. Therefore in my opinion service rendered outside india would not fall under any of above clauses and hence no requirement of TDS. However pl see definition and case law for technical services, which i feel is only clause where it can fall as it includes managerian and consultancy fees also. although i do not think audit fees would fall under consultancy fees. still see.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Query on effect of registration of property
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Foriegn assets disclosure
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
