04 May 2009
Our company making a payment under an contract with a company situated in SEZ location. whether our company liable to deduct tax on this payment.( i.e. TDS). if no/ yes. under which section of income tax. in case of no tds what is the procedure followed by oue company.
05 May 2009
Section 10AA explain the tax benefit for unit setup in SEZ. However, your company should deduct TDS or may ask for certificate from Incometax for TDS at lower rate or nil from SEZ unit.
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