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Withholding tax applicabikity for foreign remiitance for hire of chartered plane

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(Querist)
10 May 2024 Suppose Indian Private Limited company pays the payment for hire of chartered plane to foreign resident. Whether whether withholding tax/ TDS is applicable for such remittance. Kindly advise.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 May 2024 Withholding tax not applicable on such remittance as it will not fall under royalty.

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