TDS applicability on Outward Remittance

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AJAY VEDPATHAK (Querist)
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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,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 February 2024 TDS not applicable in such a case.

AJAY VEDPATHAK

AJAY VEDPATHAK (Querist)
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23 February 2024 Dear Sir,

Please let me know under which clause or article of the DTAA TDS is not applicable.

Thanks & Regards,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2024 TDS is not based on DTAA.
It's based on section 195 of income tax refer to it.

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