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?
Menu
Professional services payment to uae party
Replies (4)
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.
If the party is a foreign national then tds to be done u/s 195 .
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%
Refer section 206AA as well
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
