TDS on foreign remmitance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2011
Payment made by indian company to foreigner against MOU to take professional service out side india to establish a factory outside india.
please give expert advice with reference case law/case study/other refernces:
1- professional Service take out side india.
2- professional has not any agent/office/branch/establishment in India i. e. no relation in India.
3- There is no relation between company and professional apart from this transaction.
please give expert advice with reference case law/case study/other refernces:
1- professional Service take out side india.
2- professional has not any agent/office/branch/establishment in India i. e. no relation in India.
3- There is no relation between company and professional apart from this transaction.
22 April 2011
THE INCOME WILL NOT BE CHARGEABLE TO TAX IN INDIA
U CAN REFER TO ADIT V. WIZCRAFT INTERNATIONAL 38(II) ITCL 91(MUM-TRIB)
U CAN REFER TO ADIT V. WIZCRAFT INTERNATIONAL 38(II) ITCL 91(MUM-TRIB)
25 April 2011
The same can be taken out of tax net by virtue of provisions of sec. 9(1)(vii)(b)of Income Tax Act,1961.
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