Taxation details for outward remittance for software

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2017 Hi Team,

We have to make payment(7500 USD) to a Russian company regarding software license. So is it TDS and RCM will apply for this transaction? If so How much? and what Is the best way to reduce the taxation?

We are not importing anything to India only taking software license through online.

Requesting experts to help me out with this.

Thank you in advance
Mohan

13 November 2017 10% TDS has to be deducted and RCM applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2017 Well If I deduct the TDS, it's a foreign company how they will recover this TDS amount as they don't avail Indian PAN card.

13 November 2017 Give TDS certificate they can claim DTAA relief while filling their ITR in their country.. PAN is not required.


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