A Public Limited Company wants to make payment of Professional Fees to a party in UAE who has no establishment in India and has not furnished PAN. It has furnished Tax Residency Certificate. What will be the tax rate? Will it be NIL?
A Public Limited Company wants to make payment of Professional Fees to a party in UAE who has no establishment in India and has not furnished PAN. It has furnished Tax Residency Certificate. What will be the tax rate? Will it be NIL?
Sir,
Basically Income tax under section 194J is not clearly about foreign payment regarding Professional Fee. So that is a confusion but the TDS deduction any other in India @ 10.36%. If you find reply plz forward the same.
tds u/s195 file form 15CA Online and get Form15 CB certificate from chartered Accountant and make payment using Form A2..Generally if the party does not have PAN the rate is 20%
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
