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?
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.
CAclubindia
