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Withholding tax on exp for business

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(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)........
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CA. Anuj Gupta

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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
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REGAN KAPOOR

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REGAN KAPOOR (Querist)
14 February 2013 thanks.....anuj ji...
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Arihanth Jain

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Arihanth Jain (Expert)
18 February 2013 Agreed with Anuj Sir.
Its 40% or ITO...
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