In form 15CB, TDS is deducted and balance is paid to foreign party.
As per DTAA, the foriegn party need not pay tax again in his country in respective of this income.
Is it correct?
Or will he pay tax at concessional rate?
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Impact of 15 cb on reciever
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IF the DTAA prescribes Nil tax, the same shall apply. However, whether or not the said assessee, whill be able to take credit of the taxes deducted in India or if he is able to to, then the extent of the same shall depend on the domestic tax laws...
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