Liability of income tax & service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2013
Dear Sir,
We have received advisory services from US based company of $25000.
Now we have paid $25000 to company before deducting TDS.
What will be our liability under Service Tax & INcome Tax.
Note: Foreign co. does not have any permanent establishment in inida.
We have received advisory services from US based company of $25000.
Now we have paid $25000 to company before deducting TDS.
What will be our liability under Service Tax & INcome Tax.
Note: Foreign co. does not have any permanent establishment in inida.
18 February 2013
the recipient remains liable for payment of service tax liability which shall be equivalent to 12.36% (plus interest liability for delay of payment of service tax)
as far as income tax liability is concerned, it will be worthwhile to refer to India - USA DTAA. Can't comment on the same without specific deals of the services provided.
as far as income tax liability is concerned, it will be worthwhile to refer to India - USA DTAA. Can't comment on the same without specific deals of the services provided.
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