Easy Office
LCI Learning

Taxation details for outward remittance for software

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 November 2017 10% TDS has to be deducted and RCM applicable.
Avatar

Querist : Anonymous

Profile Image
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.



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 November 2017 Give TDS certificate they can claim DTAA relief while filling their ITR in their country.. PAN is not required.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links