Dilip (Working) (408 Points)
11 June 2010few employees from our co. are going to attend seminar in india this is conducted by 1 foreign co. they have charged for this in US dollars and we are paying also in dollars. In the bill they had not charged service tax and also without mentioned PAN.
can any one suggest me at what rate should i deduct tds on this or there would be no TDS at all?
bhavik mehta
(C.A.)
(526 Points)
Replied 11 June 2010
its applying sec. is 195, under which you have to deduct tax.
but its providing professional services, so you have to consider that also,
i don't know the perfect ans , just give my view.
SRINIVASA MURTHY
(Asst Manager (Finance))
(186 Points)
Replied 11 June 2010
i think it should b taxable u/s194J if the company is resident (though it is a foreign company) in india, the activity comes under training for the employees of the company, which invloves professional or technical services by the foreign company
SRINIVASA MURTHY
(Asst Manager (Finance))
(186 Points)
Replied 11 June 2010
the following income of the foriegn company are taxable in india if it is resident
1) Subject to the provisions of Income tax Act, the total income of any previous year of a person who is a resident includes all income from whatever source derived which—
(a) is received or is deemed to be received in
(b) accrues or arises or is deemed to accrue or arise to him in
(c) accrues or arises to him outside
Venkateswara Rao Sapare
(Accountant)
(1500 Points)
Replied 11 June 2010
Dear friend
If an employer hires an outside commercial coaching or training center for imparting some training to its employees, then the payment made by the said employer to such coaching centre will be chargeable to service tax.
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