Withholding tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 May 2017
A Indian company is working as collection agent of a Non-resident company(for sale of software/advertisement services). Indian company collects the funds from Indian customer of Non resident company on behalf of Non resident company and remit the same to Non-resident without deduction of any withholding tax.
Whether tds is applicable on Resident company and what is the rate applicable
Thanks and regards
Whether tds is applicable on Resident company and what is the rate applicable
Thanks and regards
20 May 2017
!0% withholding tax applicable on such software sale considering it under Royalty payments head. For on line advertising in Google or Face book 6% equalization levy deductible.
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