RAte of TDS for FTS

This query is : Resolved

Guest

Guest (Querist)

14 December 2024 Sir/Madam

What will be tds rate for Fees for Technical service paid to foregin country if there no agreement or it is not as per industrial policy . If it is not as per below .what is the rate

[a non-resident (not being a company) or a foreign company, includes any income by way of royalty or fees for technical services other than income referred to in sub-section (1) of section 44-DA] [ Substituted by Act 32 of 2003, Section 50, for " a foreigh company, includes any income by way of royalty or fees for technical services" (w.e.f. 1.4.2004).][received from Government or an Indian concern in pursuance of an agreement made by the foreign company with Government or the Indian concern after the 31st day of March, 1976, and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy, then, subject to the provisions of sub-sections (1-A) and (2), the income-tax payable shall be the aggregate of,-] [Inserted by Act 66 of 1976, Section 20 (w.e.f. 1.6.1976).]

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 December 2024 For payments to non-residents for fees for technical services where there is no DTAA or the DTAA does not apply, the TDS rate in India is set at 20% plus surcharge and cess if applicable.

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