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Tds on rent of container

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Querist : Anonymous (Querist)
10 October 2011 PLEASE ADVISE IF TDS IS APPLICABLE ON RENT ON CONTAINERS RECEIVED FROM A UAE BASED COMPANY TO A INDIAN COMPANY. IF YES ADVISE THE RATE AND UNDER WHICH SECTION

10 October 2011 IN CASE OF A NR THE TAX IS DEDUCTIBLE ONLY IF THE SUM PAYABLE TO HIM IS CHARGEABLE TO TAX IN INDIA. THIS IS THE MANDATE OF SECTION 195.
IN THIS CASE NO TAX DEDUCTIBLE IF UAE CO HAS NO PE IN INDIA OR HAS NO BUSINESS CONNECTION IN INDIA.
IF UAE CO HAS PE OR BC IN INDIA THEN TAX DEDUCTIBLE AT 41.2 OR 42.23(IF PYMT EXCEEDS 1 CR IN THE YEAR)

CA MANOJ GUPTA
JODHPUR
09828510543


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