Tds on payment of technical fee to non residents ?

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FinTax (CA ABHISHEK SINGH) (Querist)
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19 September 2024 A company has received invoice for 10000 usd for technical service provided by foreign company located in germany through online mode. Foreign company doesn't have PE in India.

Is tax needs to be deducted? If yes then at what rate ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 September 2024 TDS applicable under section 195 at the rate of 20% being payment for technical services.

Sowmya.G

Sowmya.G (Expert)
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20 September 2024 The fees for technical services attract 20% tds plus 5% surcharge and 4% education cess that works out to 21.84% as per income tax act. If you want to claim the benefit of DTAA for tds at the rate of 10%, the foreign company needs to file Form 10F online via www.incometax.gov.in.

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