TDS u/s 195
This query is : Resolved
26 March 2009
A company in India gets its floor area covered by carpets by a company in singapore.which may or may not be a technical serice.
My query is that if the above service provided by the singapore company dos not fall under the definition of technical service then
whether the indian company is required to deduct TDS and if liable then at what rate
My query is that if the above service provided by the singapore company dos not fall under the definition of technical service then
whether the indian company is required to deduct TDS and if liable then at what rate
26 March 2009
If it does not fall under technical service and if foreign entity does not have Permanent Establishment in India no Withholding is required. If they have PE in India and income is attributabele to that PE then should be taxable as business income and TDS needs to be deducted @42.23%
28 March 2009
This is other sum payable- rate of TDS is 30% & 40% (in case of companies) plus surcharge and education cess.
One needs to examine if there is any DTAA with singapore or not, if it is there- where the tax is payable in such transaction. If the Tax is payable in India, tax should be witheld.
One needs to examine if there is any DTAA with singapore or not, if it is there- where the tax is payable in such transaction. If the Tax is payable in India, tax should be witheld.
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