Tax question
This query is : Resolved
04 June 2014
Can you help me in this little question
a client/individual is supposed to receive some referral fee for a consulting job overseas.
the company is deducting corp tax of 20% in UK from the fee received by the client/individual in India. and they would remit the balance along with a copy of tax deducted being sent for records.
will this tax deduction of 20% by the UK company as proof is enough for the indian entity to file tax that has been paid in UK or is there any other taxes that the indian entity has to pay.or any indian IT dept will ask him to pay?
as he has already being taxed by the payee overseas,
can you help in this matter.
Paul.
a client/individual is supposed to receive some referral fee for a consulting job overseas.
the company is deducting corp tax of 20% in UK from the fee received by the client/individual in India. and they would remit the balance along with a copy of tax deducted being sent for records.
will this tax deduction of 20% by the UK company as proof is enough for the indian entity to file tax that has been paid in UK or is there any other taxes that the indian entity has to pay.or any indian IT dept will ask him to pay?
as he has already being taxed by the payee overseas,
can you help in this matter.
Paul.
04 June 2014
service is provided outside India and payment is received in India. It is most likely that the income is taxable in India. Since the tax is paid on this in UK, your assessee can claim the double taxation relief as per the DTAA between India and UK. Pls refer the international taxation module on incometaxindia.gov.in site
04 June 2014
i agree with amol s joglekar
04 June 2014
There is nothing been able to view on IT indian gov site, request a solution in details please.
12 June 2014
pls check DATT agreement of india with UK and status of the tax paid in UK is refundable or not. if refundable then you can claim in your income tax return.
12 June 2014
yopu can see below link
www.hmrc.gov.uk/taxtreaties/in-force/india-dtc.pdf
www.hmrc.gov.uk/taxtreaties/in-force/india-dtc.pdf
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