tds for payment outside india for hiring of ships

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can anyone guide as to what rate of tds wil be applicable for payment to a non resident company for taking ships on hire from them by a resident company for use in india ???

Replies (1)

In this case DTAA (Double taxation avoidance aggrement ) is applicable as per section 90 of Income tax Act,1961, for purpose of rate you have to specify the country name of NRI. 

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