We have purchased a machine from vendor of Italy (I & C is IN VENDOR SCOPE)
Vendor has installed and commissioned the machine on the 31.03.2011
We are going for provide liability for Installation and commissioning.
Kindly provide following information
1. Whether we have to deduct TDS u/s 195 or not as vendor has not raised bill on us
2. If yes please also provide rate of tax u/s 195 and Exchange rate.
3. Please also provide procedure related to payment of tax and return.
Thanks in advance
CAclubindia
