Tds on royalty to foreign co if foreign co have pan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2014
Dear All,
Please confirm what will be TDS rate on payment of royalty fees to UK based company but also registered in India and have PAN,
i was deducted @10% but received notice from TDS deptt of short deduction and showing in justification report TDS rate @ 25.75%
please guide.
Please confirm what will be TDS rate on payment of royalty fees to UK based company but also registered in India and have PAN,
i was deducted @10% but received notice from TDS deptt of short deduction and showing in justification report TDS rate @ 25.75%
please guide.
28 March 2014
u need to deduct tds @ 20% + cess =25.75 as per sec 195.
29 March 2014
it seems you have deducted TDS under Article 13(2)(b). If that is so, then you are correct. However, it shall depend on how you reflected it in the notice. Incorrect disclosure in Form 27Q might have resulted in such a short-deduction notice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- GST Reverse
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Non issue of e way bill
- Gstr7 vs Gstr3b 2026
- Gst return - cess
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- ITC on purchase of commercial property( shop/Godown/offce etc.)
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
