Foreign Remittance
This query is : Resolved
17 December 2010
We have to make payment to the foreign company which has rendered software maintainance service & Co is not setup in India & also not have its PAN no in India.
U/S 195 What is the rate of TDS?
Regards
Kashinath
U/S 195 What is the rate of TDS?
Regards
Kashinath
18 December 2010
as per sec 195 TDS rate is 40%. ( but this has to be calculated on profit i.e. 10%)
18 December 2010
The rate shall be 20% as per sec. 206AA and no rates have been prescribed under sec. 195(unlike as replied by our other expert).The rate of 40% shall be applicable on the Net Profit ,only if the foreign company has a PE in India.
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