31 December 2008
while making payment to non residence, section 195 of income tax act makes it compulsary to deduct the income tax (tds) on the foreign remittance. where as sectin 115 A of income tax act specifies that the rate of tds deduction will be deducted and the rate of 10 % is given their in, where the agreement is made after june 2005 and that the agreement it it relates to the matters of industrial policies than the agreement is in accordance with that policy.
here i want to know what is the industrial policy, and what are its containts.