Withholding Tax on for machine runoff cost
This query is : Resolved
Quick Summary
23 February 2021
Hello,
Company has purchased a machine from Non resident vendor. Non resident vendor has charged the invoice as additional cost towards machine runoff as company has wanted to test the machines before delivery.
Whether tax should be withheld on those machines ?
Company has purchased a machine from Non resident vendor. Non resident vendor has charged the invoice as additional cost towards machine runoff as company has wanted to test the machines before delivery.
Whether tax should be withheld on those machines ?
24 February 2021
Deduct 10% witholding tax under section 195 consider it as fess for technical services.
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