Dear friends pls give the correct procedure for the following situation.
Foreign Labaratory services was availed and payment was made in foreign currency.
Whether it attracts TDS,if yes pls give the correct rate and explanations....
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TDS on payment to a foreign agency
Replies (6)
please clearly mention the nature of services, where the services were received, and residential status...
the service was received abroad and the service recipient is a resident and the servce provider is a non-resident...
nature of services also required....also check for P/E in India
Dear Tom
Pl clearly mention nature of service, country etc
You may consider that as professional services and the country is Germany.
TDS shall be deductable under the Income Tax Act, 1961 and I don't think Indo-German DTAA will exempt the same from TDS in India.
Anuj
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