We have bought machinery from Europe . And for installation and other service , Engineer from Europe company has visited India for 4 days . They have raised the Bill on our company for Rendering Technical service ( Hotel stay bill has been paid by us in india ) .
Now we want to remit this amount to them . Will TDS applicable on this transaction ?
Let us know your valuable suggestion .
Tax will be deducted on Technical service only.
Reimbursment of actual expenses are not liable for TDS
Form 15CB is to be taken form a Chartered Accountant.
| Originally posted by : Rajat Garg | ||
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Tax will be deducted on Technical service only. Reimbursment of actual expenses are not liable for TDS Form 15CB is to be taken form a Chartered Accountant. |
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Techincal service is usd 1200
How much % tax will be applicable .
Thanks
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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