Section 195

This query is : Resolved

Ishant (Querist)
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24 May 2007 Dear all,

As per Section 195

The fees for technical services payable by the Govt. or an Indian Concern in pursuance made by the non-resident with the Govt. or the Indian Concern and where such agreement is with an Indian concern, the agreement is approved by the Central Govt. or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy-
Where the agreement is made on or after June 1, 2005. TDS rate is 10%.

Can anyone please tell me that what is the meaning of the line starting from where the agrrement is with indian concern........ in the above pharagraph?
Is every agreement with non-resident always approved by the central govt. or in accordance with the industerial policy?
Also what is the difference between TDS & Withholding Tax?

Jitender

Jitender (Expert)
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29 May 2007 Normally tds on non-resident is deducted as per the DTAA exists between the two countries. And if no rate is given in the DTAA, then Income tax rules are applicable.

PR Choudahry

PR Choudahry (Expert)
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10 June 2007 tds is borne by the deductee whereas withholding tax is borne by the deductor

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (Expert)
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02 April 2013 Agree with PR Choudhary

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