Fees for technical services
This query is : Resolved
14 July 2013
An Indian company purchases engineering drawings from foreign organisations for the purpose of its business in India.These drawings are termed as pre-engineered design modules required for manufacturing conveyors and material handling equipment of standard sizes and capacities conforming to International standards like DIN.ATEX etc.In fact these are like ready made drawings supplied by the vendor as per the requirements of the customer.My question is whether payment for such purchases can be considered as fees for technical services liable to be subject to TDS u/s 195 of the ITAct 1961.
15 July 2013
yes, transfer of technical plan or design will be treated as FTS and tax to be deducted
15 July 2013
Agreed with the Expert...
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
