with holding tax

Tax planning 1014 views 1 replies

We are paying interest on foreign LC to oversease beneficiary and professional fees to oversease consultant on which with holding tax amount payable whichi is charged to profit and loss a/c . we wants to save these expenses(with holding tax exp.) by proper tax planning ,whether there is procedure to get non deduction certificate or otherwise ??

pl.let me give tax planning tips to save with holding tax

Replies (1)
You can remit the fees to non resident without deducting the TDS provided : * There is a DTAA agreement with that country * The non resident does not have any business office in India See Section 195 for details you may see the following link for the revised format of the details & the format of Certificate https://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=https://law.incometaxindia.gov.in/Directtaxlaws/cbdt/dtccontents/Para1174New.htm


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