21 August 2012
I am a Indian Citizen residing in India. I provide online coaching to foreign students, where I receive Income from US based website. Now, they have asked me to fill out W-8BEN form for Withholding of Tax. They generally withhold 30% tax (like TDS), but in the form it has been written that please mention lower rate if DTAA between USA and your country specifies so.
I want to know on what rate will they withhold tax as per DTAA. And, will I be able to get tax credit in India for Tax withheld by them??
24 August 2012
I want to know if I am eligible for benefits under Article 15 of DTAA between USA and India, so that my Income will be taxed in India only? So, can I apply for no withholding of Tax to US payer??