TDS ON TRANSACTION WITH CHINA
This query is : Resolved
12 June 2010
MY CLIENT IS A PRIVATE LIMITED COMPANY. MY CLIENT HAS ENTERED INTO AN AGREEMENT WITH A CHINESE COMPANY FOR RENDERING TECHNICAL KNOWHOW IN MY CLIENT'S COMPANY BASED IN INDIA. THE EMPLOYEE OF CHINESE COMPANY WILL COME TO INDIA AND PROVIDE TECHNICAL KNOW HOW TO MY CLIENT RELATING TO PRODUCTION OF FINISHED GOODS.
WHETHER MY CLIENT IS LIABLE TO DEDUCT TDS FROM THE PAYMENT TO THE CHINESE COMPANY. IF, YES AT WHICH RATE, AND WHETHER THE CHINESE COMPANY CAN GET BENEFIT OF SUCH TDS AT THE TIME OF RETURN FILING IN CHINA.
WHETHER THERE IS ANY DTAA BETWEEN INDIAN & CHINA?
WHETHER MY CLIENT IS LIABLE TO DEDUCT TDS FROM THE PAYMENT TO THE CHINESE COMPANY. IF, YES AT WHICH RATE, AND WHETHER THE CHINESE COMPANY CAN GET BENEFIT OF SUCH TDS AT THE TIME OF RETURN FILING IN CHINA.
WHETHER THERE IS ANY DTAA BETWEEN INDIAN & CHINA?
15 June 2010
There is a DTAA between India and China.
As per the facts given by you the services will be covered under FTS. The tax rate will be 10%. But again it will depend on the perid of stay in India which, in case, exceeds 182 days then there is a PE exposure.
You can call me in case of doubts at 9654969693
As per the facts given by you the services will be covered under FTS. The tax rate will be 10%. But again it will depend on the perid of stay in India which, in case, exceeds 182 days then there is a PE exposure.
You can call me in case of doubts at 9654969693
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
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
