Payment to company located in tax heaven country
This query is : Resolved
05 April 2014
My client is making payment to a foreign company having no permanent establishment in India. He is making payment
in leiu of professional services. Does he need to pay any TDS on the amount remitted?
the company is situated in Singapore ?
and another company which is located in Dubai having branch in india .does we need to deduct TDS if payment is made to such indian branch and money is deposited in bank account of foreign company?
in leiu of professional services. Does he need to pay any TDS on the amount remitted?
the company is situated in Singapore ?
and another company which is located in Dubai having branch in india .does we need to deduct TDS if payment is made to such indian branch and money is deposited in bank account of foreign company?
05 April 2014
payment made of services to non resident then you have to deduct tds .
if have PAn then @ 10% otherwise it will be deducted @ 20%
if have PAn then @ 10% otherwise it will be deducted @ 20%
07 April 2014
please correct if i am wrong,
according to my understanding if foreign company is not having pe in india than business income of such foreign company would not be liable to tax and we hav to choose what ever is beneficial to assesse ie either provison of income tax or DTAA ..hence no tax is required to be deducted in first case
according to my understanding if foreign company is not having pe in india than business income of such foreign company would not be liable to tax and we hav to choose what ever is beneficial to assesse ie either provison of income tax or DTAA ..hence no tax is required to be deducted in first case
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