TDS on Foreign Payment
This query is : Resolved
08 November 2010
An Indian Company PQ Ltd has its Branch AB Ltd in New York. X Ltd. a Foreign company renders Professional Service to the Branch AB Ltd. Does AB Ltd. have to deduct TDS on such payment. If yes, under which section and at what rate?
Happy Diwali..!!
Regards,
Devendra
Happy Diwali..!!
Regards,
Devendra
09 November 2010
No TDs will not be applicable. Since income is not accruing in india.
Azmathullah Khan
(Expert)
09 November 2010
section 195(h) or 195(i) apply, please refer the section 195.
The TDS rate is 30% plus EDCess.
The TDS rate is 30% plus EDCess.
CA. Anuj Gupta
(Expert)
20 December 2010
Here kindly check the exact nature of activity provided by foreign vendor AND the ultimate use of that services by the branch to earn any income outside India.
I feel that you should carefully read provisions of sec. 9(i)(vii) of income Tax Act for the same.
9810106211
I feel that you should carefully read provisions of sec. 9(i)(vii) of income Tax Act for the same.
9810106211
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