Tds deduction % on technical service u/s 9(1)(vii) u/s 195
This query is : Resolved
15 November 2013
If an Indian co. is paying fees for technical services u/s 9(1)vii) to a Non Resident co. in USA, then at what rate should TDS be deducted u/s 195?
Please reply.
Please reply.
15 November 2013
go to the following link:
https://www.caclubindia.com/experts/tds-rate-under-section195-740785.asp#.UoXG-RenyVE
https://www.caclubindia.com/experts/tds-rate-under-section195-740785.asp#.UoXG-RenyVE
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15 November 2013
For more details you can also go to the following link:
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17270
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17270
22 November 2013
Shri Ajay:
The first article which you have posted is of the older version on the subject. YOu would appreciate that the rate of TDS was enhanced from 10% to 25% in the last year.
Hence, the applicable rate is:
IT Act: 25%
India-US DTAA: 15%
Lower of the two being 15% is the applicable rate.
The first article which you have posted is of the older version on the subject. YOu would appreciate that the rate of TDS was enhanced from 10% to 25% in the last year.
Hence, the applicable rate is:
IT Act: 25%
India-US DTAA: 15%
Lower of the two being 15% is the applicable rate.
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22 November 2013
Thank you Santosh Sir.
Sir, can you tell me any link or where in the Act, can I find detailed information on this issue?
Sir, can you tell me any link or where in the Act, can I find detailed information on this issue?
22 November 2013
Dear Sushant,
Please refer to Section 115A of the Act.
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=566fa2f7-4f5a-446f-8d22-98a6c1ae6592&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=&sch=royalty&title=Taxmann - Direct Tax Laws
Please refer to Section 115A of the Act.
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=566fa2f7-4f5a-446f-8d22-98a6c1ae6592&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=&sch=royalty&title=Taxmann - Direct Tax Laws
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23 November 2013
Thanks a tonne sir.
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