tds liabilty on payment to foreign company
This query is : Resolved
SATISH SIRSELEWALA
(Querist)
08 January 2009
Should a closely held Indian company deduct tax on inspection fees paid to dubai comany.
If yes at what rate?
This dubai company has no establishment in India & is not wiling to bear the tds cost.
If yes at what rate?
This dubai company has no establishment in India & is not wiling to bear the tds cost.
K V Subba Rao
(Expert)
08 January 2009
From a reading of Article in https://www.thehindubusinessline.com/2006/10/07/stories/2006100700031100.htm
I understand that TDS has to be affected
If it is not willing to bear cost, the Deductor has to bear depending on negotiating position etc
I understand that TDS has to be affected
If it is not willing to bear cost, the Deductor has to bear depending on negotiating position etc
SATISH SIRSELEWALA
(Querist)
08 January 2009
Sir what will be the rate if the dubai company is registered limited company &
what will be the rate if the dubai company is not registered company
what will be the rate if the dubai company is not registered company
CA Tilak Raj Sharma
(Expert)
08 January 2009
It does not matter that it is registered or not.
CA Tilak Raj Sharma
(Expert)
08 January 2009
It is your liability to deduct TDS. It does not matter they want to bear the TDS cost or not.
SATISH SIRSELEWALA
(Querist)
08 January 2009
Dear Sir,
Thnx for the immediate response,
What is tax rate at which it is to be deducted.
Thnx for the immediate response,
What is tax rate at which it is to be deducted.
K V Subba Rao
(Expert)
08 January 2009
Whether it comes under Professional Services or Contract etc., depends on facts and nature of transaction between. So based on facts, identify the Section applicable and then see latest edition of any Ready Reckoner
Whether it comes under Professional Services or Contract etc., depends on facts and nature of transaction between. So based on facts, identify the Section applicable and then see latest edition of any Ready Reckoner
SATISH SIRSELEWALA
(Querist)
08 January 2009
Thnx a lot sir.
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