Payment to non resident
This query is : Resolved
28 November 2012
Dear All,
Partnership firm is going to participate in business fair at Germany. For which they have to pay Rental to company (having no PE in India)at Germany. Whether tax to be deducted from payment to be made to it and if yes at which rate?
Thanks
Partnership firm is going to participate in business fair at Germany. For which they have to pay Rental to company (having no PE in India)at Germany. Whether tax to be deducted from payment to be made to it and if yes at which rate?
Thanks
29 November 2012
YES TDS is there.
In order to make payment in foreign currency you need to follow procedure of Form 15CA and 15CB. CA certification is required. And CA will determine the amount of TDS and amount to remit in his/her certificate depending upon the details in Invoice.
contact@vkbajaj.co.in
In order to make payment in foreign currency you need to follow procedure of Form 15CA and 15CB. CA certification is required. And CA will determine the amount of TDS and amount to remit in his/her certificate depending upon the details in Invoice.
contact@vkbajaj.co.in
CA. Anuj Gupta
(Expert)
30 November 2012
No, TDS should not be deducted provided you obtain Tax Residency Certificate(TRC) and NO PE Certificate .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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