TDS on Foreign Remittance
This query is : Resolved
19 March 2011
Hi,
Indian Company x and Foreign company Y enter into contract for viewing the Reserach works of Y online. This engagement is for one year and foreign remittance is to be done.
Is Income deemed to accrue or arise in India and whether TDS should be deducted.
Indian Company x and Foreign company Y enter into contract for viewing the Reserach works of Y online. This engagement is for one year and foreign remittance is to be done.
Is Income deemed to accrue or arise in India and whether TDS should be deducted.
19 March 2011
Yes it is Income deemed to accrue or arise in India, and TDS should be deducted.
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