TDS on consultancy fees to NRI paid in india by INR
This query is : Resolved
Dulal Chatterjee
(Querist)
13 October 2020
1. We the Indian Company have hired a NRI (Indian Resident-Indian Passport holder and not having US citizenship) as a Consultant for scientific research related matter. He is staying in US last 12 years. We will pay towards his consultancy fees in INR only on the basis of his invoice/contract and payment to be credited to his NRO account in India. what would be the TDS rate to be applied and under which section. whether form 15CA & CB is required.
CA R SEETHARAMAN
(Expert)
13 October 2020
Deduct 30% TDS Plus cess under section 195. No 15CA/15CB required as amount paid to NRO account.
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