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TDS Liability on Payment of Arrangement fee (for securitisation)

This query is : Resolved 
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(Querist)
25 October 2007 I have to pay arrangement fee for securitisation to 'DSP Merril Lynch' and 'Deutsche Bank'. Whether there is any TDS liability on this payment.
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S.RAVICHANDRAN

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S.RAVICHANDRAN (Expert)
25 October 2007 If the residential status of such banks is Indian ( ie., for Indian operations local branch is situated), then TDS is attracted under section 194 J ie Professional or Technical Services.

If the residential status is NRI, then TDS is not attracted ( vide explanation to section 195)
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CMA Gul S

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CMA Gul S (Expert)
26 October 2007 TDS us 194 J is applicable``
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