TDS

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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 An Indian Pvt. Co. pays analysis charges to a foreign company located in germany. should TDS be deducted u/s 195? if so,at what rate and what r the other formalities?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 June 2010 https://www.caclubindia.com/forum/recent-applicability-of-pan-to-foriegn-co-for-tds-u-s-195-83410.asp

Check the above link

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 1. in sec.195, it s said tax to be deducted at the rates in force. which rate is to be adopted? normal rate 40% or rate as per dtaa 10% or 20%?
2. it s also said that the payer should submit form 15CA and 15CB to CBDT? is this mandatory for all? is this e-filing or paper form?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 June 2010 15CA AND 15 CB ARE TO BE SUBMITTED TO BANK. IN MY VIEW IT WOULD BE BEST IF YOU CONTACT YOUR TDS ASSESSING OFFICER OR ELSE DEDUCT TDS AT HIGHER OF RATE AS PER DTAA OR NORMAL TAX RATE(40%+SC+CESS)

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