This discussion addresses whether Tax Deducted at Source (TDS) under Section 195 is applicable when an educational institution in India remits annual membership fees to a UK institution. It explores the relevant TDS rates, potential implications under Double Taxation Avoidance Agreements (DTAA), and the necessity of filing Forms 15CA and 15CB for the remittance process.
07 August 2021
MY CLIENT AN EDUCATIONAL INSTITUTION WANT TO REMIT TO UK FOR ANNUAL MEMBERSHIP FEES OF GBP 1277. WHETHER TDS WILL BE DEDUCTED U/S 195. IF YES AT WHAT RATE IF TAXABLE UNDER DTAA - AT WHAT RATE AND UNDER WHICH ARTICLE
Please also let me know whether 15 CA or 15 CB should be filed as bank ask for 15ca / cb for remittance. If TDS will not be deducted then we can give form 15cb or not.