Witholding tax (tds) on payment made to usa for services
This query is : Resolved
CA Parag Jani
(Querist)
11 February 2018
Dear All
What will be the Withholding tax (TDS) implication for making Annual Subscription payments for Access of Software Service Portal in Boston USA by Indian Company? The fees will be Business Profits for the receiving party in Boston and will be a business expenditure for the Indian Company.
Payment is of around USD 8700. Do we need to submit Form 15CA/15CB to bankers for making the wire transfer?
URGENT help required. Please guide.
What will be the Withholding tax (TDS) implication for making Annual Subscription payments for Access of Software Service Portal in Boston USA by Indian Company? The fees will be Business Profits for the receiving party in Boston and will be a business expenditure for the Indian Company.
Payment is of around USD 8700. Do we need to submit Form 15CA/15CB to bankers for making the wire transfer?
URGENT help required. Please guide.
CA R SEETHARAMAN
(Expert)
11 February 2018
10% witholding tax applicable under royalty 15CA and 15CB need to submit to the bankers.
CA Parag Jani
(Querist)
12 February 2018
Will it make any difference if there are 2 invoices - one is of $4500 and other of $4200? Can I take benefit of Rule 37BB for payments below Rs.5 lakh? Please revert asap.
CA R SEETHARAMAN
(Expert)
12 February 2018
No better to comply with rules.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
