We are private limited company ooperating in Mumbai (India). We have purchased an electronic software from company operating its busines from Germany. Now how should I make payment to this company? Should I deduct TDS on this transaction? Company is saying that do not deduct TDS they will provide us certificate of residence. What is certificate of residence & how it will helpful for our comany?
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Tds applicability on software purchase from germany?
Replies (2)
Hi,
Under rule 29B , Form15D need to be filed, for claiming an exemption to deduct tax.
German assessee should be operating through a branch in India, then only this exemption will be available.
For any further query PM or mail me.
AH & CO.
anubhavjain @ ajhco.in
Find form 15D attached
AJH & CO
anubhavjain @ ajhco.in
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