SECTION 244A

Dear Frnds,

 

 

A foreign company has capital gain income via sale of shares in india.


it has got refund for the tax filed and also received interest for refund under section 244a of the income tax act.


they have paid  few sums to auditors as professional charges also.

My query is whether the foreign company has to show the interest under section 244a as income, and can they claim the audit fees paid as expenses against that income.

 

Also if they claim audit fees as income, do they have to obtain TAn number for deducting TDS..

 

Kindly advice..

Replies (1)

 

 

You can show audit fess expenses in foreign company and you are right you have to obtain TAN to deduct tds u/s 194J.  you have to show as an income interest on refund.

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