My company has to pay 1183 Euro to Australia based consualtant for professional & Technical advice in connection to clearing & commissioning of ejector system.
Please advice me rate of TDS using Australian Treaty to deduct TDS on such payment.
can individual Australian consultant eligible for TDS in India?
17 September 2009
Yes TDS is applicable , Attention to Sec 195 of IT Act .Rate applicable @ 10 % , if the payment is made to a foreign company , SC should be levied @ 2.5% ( if income of Foreign company exceeds INR 10 Million ) and EC should be levied @ 3 % , however in case of other non residents only EC of 3 % is to be levied along with the basic rate . Also obtain 15CB for confirmation of tax rates . Check the DTAA with Australia.
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