Fees for technical services

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AMITAVA SAIN (Querist)
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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.

sudarshan

sudarshan (Expert)
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15 July 2013 yes, transfer of technical plan or design will be treated as FTS and tax to be deducted

Rajat Poddar

Rajat Poddar (Expert)
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15 July 2013 Agreed with the Expert...

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