Tds on tool development cost to a foreign vendor.
This query is : Resolved
nikhil agrawal
(Querist)
25 April 2014
Dear Professional Colleagues,
Whether TDS has to be deducted on a tool development cost, payable to a foreign vendor.
The said tool will be used in a would be Import purchase order. The title of tools will belong to vendor.
Whether this scenario will be referred as a technical service u/s 9(1)(vii).
Best Regards
CA Nikhil Agrawal
Whether TDS has to be deducted on a tool development cost, payable to a foreign vendor.
The said tool will be used in a would be Import purchase order. The title of tools will belong to vendor.
Whether this scenario will be referred as a technical service u/s 9(1)(vii).
Best Regards
CA Nikhil Agrawal
25 April 2014
sec 195 is applicable i this case and tds is applicable.
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