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Withholding tax

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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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