1. This Query is in relation to Witholding tax for payments made under section 195. Can someone clarify the following.
There is a contract of providing Software AMC by a UK based company to an Indian Company in India. The UK based company doesnot have any PE in india neither they have any PAN no. The Services provided by them is done through online process by sitting in their own office in UK and providning AMC Services. Please clarify wether withholding tax will be deducted while making payment to the company for amc charges or the same will not qualify as services made made available and will not be taxed in India.
If Taxable at what rate.
CAclubindia
