Foreign remmtance


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2012 sir, one case is here...
one indian software company give contract to a foreign company for r n d purpose..
now problem is whether tds applicable or not while making payment to foreign company by an indian company???????????

swasti (Expert)
13 March 2012 The services fall under professional / technical services and are liable for withholding tax. If PAN is not available, the rate of withholding tax would be 20%.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2012 thnx swati....any min. amount exemption limit is threr or nt...
PAN is thre... tds rate will be 10% naa


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