Dear All
What will be the Withholding tax (TDS) implication for making Annual Subscripttion payments for Access of Software Service Portal in Boston USA by Indian Company? The fees will be Business Profits for the receiving party in Boston and will be a business expenditure for the Indian Company.
Payment is of around USD 8700. Do we need to submit Form 15CA/15CB to bankers for making the wire transfer?
URGENT help required. Please guide.
CAclubindia
