TDS applicability on Outward Remittance
This query is : Resolved
Quick Summary
AJAY VEDPATHAK
(Querist)
22 February 2024
We make use of the World-Check Information Products subscription service as a corporate client of Refinitiv Ltd. And in order to pay for these services, we need to do Outward Remittance to UK.
Refinitiv Ltd, a resident of the United Kingdom, does not have a fixed base or permanent establishment in India for the purpose of conducting business, making it a non-resident under Section 6 of the Act.
They have provided us TRC, No PE declaration, and Form 10F. In that would like your advice on whether or not TDS is applicable.
Regards,
Refinitiv Ltd, a resident of the United Kingdom, does not have a fixed base or permanent establishment in India for the purpose of conducting business, making it a non-resident under Section 6 of the Act.
They have provided us TRC, No PE declaration, and Form 10F. In that would like your advice on whether or not TDS is applicable.
Regards,
CA R SEETHARAMAN
(Expert)
22 February 2024
TDS not applicable in such a case.
AJAY VEDPATHAK
(Querist)
23 February 2024
Dear Sir,
Please let me know under which clause or article of the DTAA TDS is not applicable.
Thanks & Regards,
Please let me know under which clause or article of the DTAA TDS is not applicable.
Thanks & Regards,
CA R SEETHARAMAN
(Expert)
23 February 2024
TDS is not based on DTAA.
It's based on section 195 of income tax refer to it.
It's based on section 195 of income tax refer to it.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
