We have planned to engage a service from a Foreign Tax Consultant for our company. We want to know what is the TDS percentage to de deducted on his payments under section 195. I also knew that under section 194J - Professional fees - 10% has to be deducted. Please advise me with any back ups.
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TDS on Foreign Consultant
Replies (2)
Dear Mr. Hemant
If the Consultant is having PAN No. then TDS rate will be 10% otherwise it will be 20%. Apart from TDS you will have to deposit the service tax on reverse charge basis because it is import of service.
Regards
Rahul srivastava
what is reverse charge basis? pls tell me.
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