Tax deduction at Source
This query is : Resolved
Nilesh Mehta
(Querist)
06 April 2009
does a foreign company not having a permanent establishment here need to deduct tax at source from payment made to a resident for certain preincorporation expenses of indian company liable to tax deduction e.g payment to professionals.
CA. B.SRINIVASULU
(Expert)
06 April 2009
If the payment is made in indian rupees then tds has to be deducted. If the payament has been made in foreign currency and received through FIRC of banking channel tds will not be applicable.
06 April 2009
i agree with the expert
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