We are a Software Services Company offering services to our customers in UK and Europe. While providing such services, in one case, we had to take help of a UK Partner who has deputed his employee to work with our team in providing this service in UK.
Now the UK Partner has raised a invoice in GBP for the work delivered in UK against our Company in India. The payment needs to be made from India.
I have two queries and request your inputs.
1. In the above scenario, should we deduct TDS u/s 195 and if so what % is applicable?
2. If no tax is applicable how do I get a certificate from IT department, so that there are no issues in future?
CAclubindia
