Tds on payment to japanese company for translation services

TDS / TCS 766 views 4 replies

Sir,

A company want to pay  220000 yen to a japanese company for translation service to be provided in japan.what will be the tds rate amd amount  on above.

what document we need from japanese company  before making payment.

Thanking you anticipation for quick reply

pksahoo

Replies (4)

As per my knowledge, Income Tax Act, all foreign payments under head “Fees for Professional and Technical Services” are taxed at 10% if the recipient have Indian PAN, which is most unlikely for Individual and SME service providers of various countries, and at 20% rate in case Indian PAN is not available.

Sir,

At present company ha no TRC Or Indian PAN but  TIN number ,can we deduct 10% tax as per rule 37BC.

With Thanks

pksahoo

Sir,

At present company ha no TRC Or Indian PAN but  TIN number ,can we deduct 10% tax as per rule 37BC.

With Thanks

pksahoo

Sir,

At present company ha no TRC Or Indian PAN but  TIN number ,can we deduct 10% tax as per rule 37BC.

With Thanks

pksahoo


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