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.
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