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Section 195

This query is : Resolved 
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(Querist)
22 May 2008 Confirm the TDS rate for Technical fee raised by ( NRI ) company located in England.
I think it should be 10.30% but not sure please confirm.
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R.V.RAO

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R.V.RAO (Expert)
22 May 2008 11.33% IF AGGREGATE OF PAYMENTS SUBJECT TO TDS EXCEEDS RS. TEN LAKHS .
OTHERWISE 10.3% .THIS IS FOR INDIVIDUAL RECIPIENT.
IF THE RECIPIENT IS A NON DOMESTIC CO. AND AGGRGATE PAYMENTS SUBJECT TO TDS IS MORE THAN RS. ONE CRORE ,THE TDS RATE IS 10.5575%.
INDIA HAS DOUBLE TAX AVOIDANCE TREATY WITH U.K.
UNDER THE TREATY BOTH INDIA AND UK HAVE RIGHT TO TAX.
THEREFORE ,APART FROM ABOVE INDIAN TAX,THE TECH. FEES IS TAXABLE IN THE COUNTRY OF SOURCE AT 10%.
R.V.RAO
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Shrinivas

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Shrinivas (Querist)
23 May 2008 What if Aggregate payments is less than one crore ?
What will be the rate
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