Withholding tax
This query is : Resolved
Seema Satkar
(Querist)
04 August 2013
I have one querry regarding WHT.
If indian subsidiary has to bear WHT while making the payment to foreign parent company is it necessary to ask parent company for inflated invoices ? or only grossing up doen in indian subsidiary books is sufficient ?
Also will WHT attract on reimbursment of expense invoices?
How Foreign parent company will file its return in India?
It has to show income with grossing up value ? or Net value?
If indian subsidiary has to bear WHT while making the payment to foreign parent company is it necessary to ask parent company for inflated invoices ? or only grossing up doen in indian subsidiary books is sufficient ?
Also will WHT attract on reimbursment of expense invoices?
How Foreign parent company will file its return in India?
It has to show income with grossing up value ? or Net value?
Arihanth Jain
(Expert)
15 August 2013
My Views:
a. Not necessary to get an grossed up invoice from Parent Co.
b. TDS does not apply on reimbursements.
c. Foreign Co., if has a PAN, can file IT papers. And it will have to show grossed up values and claim the TDS as well.
a. Not necessary to get an grossed up invoice from Parent Co.
b. TDS does not apply on reimbursements.
c. Foreign Co., if has a PAN, can file IT papers. And it will have to show grossed up values and claim the TDS as well.
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