Poonawalla fincorps
Poonawalla fincorps

form 15CB

This query is : Resolved 

13 May 2011 I had to give form 15CB to client for foreign remittance against professional services, foreign entity has no P.E. in India & TAX RESIDENT OF USA(as per their certificate). So, Tds on professional services will be nil & tds on interest liability for delay in payment will be 20% as per my knowledge. kindly advice.

14 May 2011 TDS on professional services shall also be at 20%.

Why do you say the same to be NIL?


Anuj
0-9810106211



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