02 January 2013
If a Foreign company renders service to resident company...(service is rendered in India )and according to Income Tax Act Rate of TDS is 20% but according to DTAA the rate of TDS is 15%...which rate should be applicable..?
Guest
Guest
(Expert)
02 January 2013
In such case the rate whichever is beneficial to assessee is to be adopted. Also the provisions of IT Act are general provisions and the provisions of DTAA will be specific provisions. Hence rate of DTAA will be applicable.