22 November 2013
Sir, Our company has awarded a contract to L&T and Sojit Consortium for laying of railway tracks.Complete work is to be done by them at their own. In consortium L&T is resident and TDS deducted at 2% u/s 194C. But Sojit claims to be Non-Resident with permanent establishment and produced a Lower rate deduction certificate from A.O. to deduct tax at rate of .70%+cess etc. Kindly advice me about the correct procedure to deduct TDS if Sojit is a company of JAPAN.
CAclubindia
