Tds on royalty u/s 195
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2012
Hi,
We are paying royalty to our parent company and agreement is executed before june 2005 hence rate comes 21.012% but as per DTA we pay 15%. There has been many amendments in agreement but original content with respect to product has not changed much.Can we change the agreement to current date for availing the lower rate of TDS i.e. 10% (If agreement is after june 2005 than rate is 10% as per DTA)
We are paying royalty to our parent company and agreement is executed before june 2005 hence rate comes 21.012% but as per DTA we pay 15%. There has been many amendments in agreement but original content with respect to product has not changed much.Can we change the agreement to current date for availing the lower rate of TDS i.e. 10% (If agreement is after june 2005 than rate is 10% as per DTA)
Amol S Joglekar
(Expert)
29 November 2012
No that is not the intention of ACT. You can try by applying in form 15D for lower rate.
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