Tds u/s 195
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2013
Dear Sir,
A Ltd Exporting Capital goods. Company is appointing Foreign Party for giving services to Purchaser as a Post Sales services for running of capital goods ( Plant ) smoothly.
Now foreign Party is raising bill for said services to A Ltd in India and A Ltd has to make Payment to foreign Party.
Query :- Whether A Ltd is liable to deducted Tax at source before making Payment. If Yes than How much % .
but we Can take benefit of Sec 9 VI
A Ltd Exporting Capital goods. Company is appointing Foreign Party for giving services to Purchaser as a Post Sales services for running of capital goods ( Plant ) smoothly.
Now foreign Party is raising bill for said services to A Ltd in India and A Ltd has to make Payment to foreign Party.
Query :- Whether A Ltd is liable to deducted Tax at source before making Payment. If Yes than How much % .
but we Can take benefit of Sec 9 VI
CA. Anuj Gupta
(Expert)
25 May 2013
Yes, as per Income Tax Act rate is 25.75%
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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