Dear friend pls clarrify me regarding the following query.
1) A is an NRI company
2) B is an Indian Company
3) C is an NRI Company.
Here B acts as an intermediary for A & C. B company brings business to A company. A company will directly raise invoice in the name of C. For that business C will make payment to B who in turn will make payment to A. For this business B will get commission from A.
My query is whether B has to deduct any tax for colecting amount from C and making payments to A ????
CAclubindia
