04 April 2014
Hello, A Company Incorporated in India is paying professional fees to a Non Resident, for the services Rendered in US. Is this payment subject to TDS in India? If so, What is the rate and the provisions affecting the same.
And is the Indian Company required to file Return in US? as its source of Income is from US.
I have read that the Return needs to be filed in Form 1120-F, US Income Tax Return for Foreign Corporation. Is this true?