i am working in PSU where our company has given a contract to a non-resident company for supply of plant and machinery.and foreign company has given lower deduction certificate u/s 197 of Income Tax Act. our PSU is paying money in Indian currency. we are currently deducting TDS in U/s 195 on income tax.
whether we are correct or not. please guide me form no 15CA and 15CB will be applicable in in this case?
CAclubindia
