TDS under section 195

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SANJAY (Querist)
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30 December 2007 Dear Sir/Madam,
A company paid participation fees for Pakistan Book Fair amount is USD550.Now I want to ask whether TDS should be deducted by the company u/s 195 or under any other section?

Please reply soon and give the relevant provisions justifying your view.

Thank you.

R.V.RAO

R.V.RAO (Expert)
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31 December 2007 TDS IS DEDUCTIBLE UNDER SEC. 195 EITHER AT RATES SPECIFIED UNDER SEC 195 CLAUSE (i) WHICH ARE GIVEN BELOW
ie 30.9%(if recipient is non resident and non-corp.assessee or 41.2%(if recipient is non domestic company) when the aggregate of payment subject to tax does not exceed
INR 10,00,000 FOR IND.HUF,BOI,AOP
OR RS 1 CRORE FOR FIRM,COOP.SOCIETY OR NON DOMESTIC COMPANY
OR
RATES SPECIFIED IN AVOIDANCE OF DOUBLE TAXATION(ADT) AGREEMENT .
AS FAR AS PAKISTAN IS CONCERNED THERE IS ONLY A LIMITED ADT RELATING TO
AIR TRAFFIC .
SO YOU HAVE TO MAKE TDS AT ABOVE RATES AS APPLICABLE IN YOUR CASE.
R.V.RAO

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