Receipts from bangladesh

Dear All,

We are representing a software company from India. We have developed certain software products for one of our clients in Bangladesh.

What i want to know is

1) If we receive money in India from Bangladesh is there going to be some kind of deduction by way of TDS or some other tax at Bangladesh, before this money comes to India

2) Is this amount again going to be subject to taxation again in India.

If this is the case, can someone please suggest how can we avoid this situation wherein we receive amount without any amount getting deducted either in bangladesh / India

Thanking You in advance

Regards

nitin

nitin.kshirsagar @ locationguru.com

Replies (1)

Dear Nitin

1) In response of your frist query you have to see DTAA Treay entered  with Banbladesh by India.

If you are receiving the income therefrom after deduction of tax you may cliam such deduction from the tax liability in India. However for this you have to know the calculation of taxability under income tax.

2) If you are getting the amount without deduction then You need to pay the tax on all receipts.

In this case i am presuming your status is resident in India.

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