We have a client he is a software developing company he recives software services from outside india, should TDS be deducted or not .
Santosh Kumar (C.A) (72 Points)
28 March 2011We have a client he is a software developing company he recives software services from outside india, should TDS be deducted or not .
Devendra
(Chartered Accountant)
(4775 Points)
Replied 28 March 2011
Yes. TDS is to be deducted u/s 195 @ 10%.
Regards,
Devendra K
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 31 March 2011
The rate under income tax act for the same is 10.5575% if the foreign Company has PAN and 20% if the foreign Company doesn't have a PAN.
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