we have a contract with one of forgien consultant of Denmark. Contract value is app. 16 crore, at present we have to remitt the consultant rs. 65 lacs. we have entered into agreement on behalf of Indian Railway project which has been declered as national interest project by the Ministry of Railway. railway is giving us app. 21 crore. Now we have to deduct withholding tax as contract is inclusive of all taxes. Pl may specify the rate of withholding tax considering contract os approved by the central government also considering not approved by the government.
CA Nilam Prasad
9250215339
CAclubindia
