Its urgent. payment of non resident- whether tds applicable
This query is : Resolved
21 February 2013
Hello everyone,
one of my client has entered into agreement with a company in turkey providing certification services.
as per agreement my client has to pay to the foreign co. 150$ per certification.
He has done 3 certification in the year 12-13.
now he want to make pmt of 450$ to the turkish co.
he has come to me for form 15CB certificate.
My Question:
whether my client needs to deduct tax at source? if yes at what rate?
one of my client has entered into agreement with a company in turkey providing certification services.
as per agreement my client has to pay to the foreign co. 150$ per certification.
He has done 3 certification in the year 12-13.
now he want to make pmt of 450$ to the turkish co.
he has come to me for form 15CB certificate.
My Question:
whether my client needs to deduct tax at source? if yes at what rate?
22 February 2013
in absence of PAN, 20% TDS shall apply on the least.
if the Turkey entity has PAN in India, it may choose to use beneficial provisions of DTAA for Nil or 15% deduction.
if the Turkey entity has PAN in India, it may choose to use beneficial provisions of DTAA for Nil or 15% deduction.
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