payment to non resident techincian
This query is : Resolved
07 July 2011
Dear sir,
My company want to pay INR 5,00,000 to technical people in Belgium. Kindly let me know how much TDS I should deduct and can that person claim any benefit in Belgium when I issue TDS certificate to him.
My company want to pay INR 5,00,000 to technical people in Belgium. Kindly let me know how much TDS I should deduct and can that person claim any benefit in Belgium when I issue TDS certificate to him.
07 July 2011
FTS paid to a NR company shall be liable to tds @ 10%.(20% if NR does not have PAN in India)
However if the NR is an individual and the service provided falls under the list specified in Article 14-Independent Personal Services of the DTAA between India & Belgium, the transaction may not be liable to tds depending upon number of days stay or having a fixed base in India.
However if the NR is an individual and the service provided falls under the list specified in Article 14-Independent Personal Services of the DTAA between India & Belgium, the transaction may not be liable to tds depending upon number of days stay or having a fixed base in India.
12 July 2011
If TDS is being deducted under the provisions of Income Tax Act(always preferable as there are many clauses in DTAA which need to be fulfilled before we can take the benefit of reduced rates as per DTAA) , then the rate should be 10.51% (if PAN of foreign party is there)
Anuj
0-9810106211
Anuj
0-9810106211
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Subscription paid to foreign customer
- ECO SUPPLY REPORTIONG IN GSTR-1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
