Dear Professionals,
We have a client, a one man UK based foreign company. He was given contact for technical services by Indian company during F.Y. 2015-16 in india for Non-Conventional Energy Project. The only Director (our client) had taken one rented premises in india. The TDS was deducted @ 40% from gross payments by indian company. Now my query is can this foriegn company declare its income u/s 115A and pay tax @ 10% of Gross receipts or it has to file return under other section?
Thank you in anticipation.
CAclubindia
