16 February 2015
If Two Indian companies having branch offices in Dubai execute a contract. The payment made by one Company's branch office in dubai to Other Company's branch office in Dubai in USD. The transaction entered is out of India. Whether TDS provisions u/s 194C will be attracted?
16 February 2015
As the contract is executed out side India for which no tax is payable in India and payment also made outside India no TDS applicable.