Withholding tax on exp for business
This query is : Resolved
REGAN KAPOOR
(Querist)
13 February 2013
can anyone tell me what is the rate of withholding tax rate on the amount paid to US based company (having permanent establishment in India) and the payment is in the nature of business income (neither interest income nor dividend income nor fees for technical services)........
CA. Anuj Gupta
(Expert)
14 February 2013
Then the best way shall be to approach ITO foe cetificate for correct determination of tax rate.
Otherwise deduct TDS @ 40% + education cess and surcharge.
Anuj
femaquery@gmail.com
Otherwise deduct TDS @ 40% + education cess and surcharge.
Anuj
femaquery@gmail.com
Message likes :
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REGAN KAPOOR
(Querist)
14 February 2013
thanks.....anuj ji...
Arihanth Jain
(Expert)
18 February 2013
Agreed with Anuj Sir.
Its 40% or ITO...
Its 40% or ITO...
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