Sir,
My company like to made payment for Exibition hold at Italy for the Booking of Stall uder DTA.
Now the question is that if there is any laibility for deducting the TDS or not? if yes under which head what is the rate of tax?
Menu
T.D.S. on payment made to NRI / NRI company under DTA agreem
Replies (2)
I am answering your question assuming your company is an Indian Company..
The following is the course of action:
a) Deduct TDS under DTAA or Indian Taxes whichever is lower, but in the given case surprisingly the DTAA rate is 20% and as per I T Act 10% so u can deduct at 10% (+ Surcharge + Cess’s)
b) Upload Form 15CA and take a certificate from a CA in from 15CB
c) Submit it to the authorized dealer
I don't think TDS shall be applicable in the present case. You can take a certificate from the foreign party in attached format and can remit the money without deduction of TDS.
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
