TDs
This query is : Resolved
21 April 2010
we are a ATC (Authorised training Center) of IATA registered in india . and we are making a ATC Annual Fees of US $ 2500 to IATA (international Air Transport Association,) which is registered in canada and non profit organisation.
so can anyone please tell me that weather TDS Dedution u/s 195 is Mandatory or not........
if yes what is rate of TDS......
Thanks in advance.....
so can anyone please tell me that weather TDS Dedution u/s 195 is Mandatory or not........
if yes what is rate of TDS......
Thanks in advance.....
VIKAS AGGARWAL
(Expert)
21 April 2010
Dear Rupinder,
As the fees paid by you is for using the name of IATA and covered under royality.And as per India - Canada DTAA the tax rate would be 20% of gross amount assuming the payee does not have any permanent establisment in india.
As the fees paid by you is for using the name of IATA and covered under royality.And as per India - Canada DTAA the tax rate would be 20% of gross amount assuming the payee does not have any permanent establisment in india.
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