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?