TDS and PAN applicability for foreign company payment
This query is : Resolved
23 December 2010
Dear All
our client is an Indian event management Company taking contract for event at Dubai. Our client required to take services like lodging, boarding, stage show , lighting etc. services from an Dubai based company and required to remit USD from India to Dubai. Dubai based company is foreign national for Indian context , have no PE in India, have no PAN in India I have certain questions :-
1.Whether this remittance is liable for TDS deduction in India ? if yes , rate of TDS.
2. foreign firm (Dubai based firm) is required to get PAN in India.
4. What are the DTA provision with this transactions
3. As a CA can we issue Form 15CB
Pls do the needful
Thanks
our client is an Indian event management Company taking contract for event at Dubai. Our client required to take services like lodging, boarding, stage show , lighting etc. services from an Dubai based company and required to remit USD from India to Dubai. Dubai based company is foreign national for Indian context , have no PE in India, have no PAN in India I have certain questions :-
1.Whether this remittance is liable for TDS deduction in India ? if yes , rate of TDS.
2. foreign firm (Dubai based firm) is required to get PAN in India.
4. What are the DTA provision with this transactions
3. As a CA can we issue Form 15CB
Pls do the needful
Thanks
24 December 2010
1) TDS shall not be deducted.
2) no pan required.
3) form 15CB is compulsory.
2) no pan required.
3) form 15CB is compulsory.
24 December 2010
agreed on 1 & 2nd point and no sure of 3rd
24 December 2010
All the answers provided above are correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
