TDS RATE FOR NRI(FOREIGNER)
This query is : Resolved
srinivasan
(Querist)
11 August 2009
What is Rate of Tax Deduted at Source for Professional Services rendered by Foreigner in India?
what is the Rate If the Total amount exceed Rs.10,00,000?
what is the Rate If the Total amount exceed Rs.10,00,000?
CA. B.SRINIVASULU
(Expert)
11 August 2009
It depends on the country to which you are paying.
Step 1 : Find out the DTAA (Double taxation avoidance agreement is available with that country). If avilabe based on that you have to deduct tax at source.
Step 2 : If dtaa is not there, then section 195 will be applicable. Tax has to be deducted at the rates specified under section 195.
Step 1 : Find out the DTAA (Double taxation avoidance agreement is available with that country). If avilabe based on that you have to deduct tax at source.
Step 2 : If dtaa is not there, then section 195 will be applicable. Tax has to be deducted at the rates specified under section 195.
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