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Tds applicability for nri payments

This query is : Resolved 

31 August 2011 Sir,

We have to make payment of Euro 13000 to our foriegn party for technical services recieved in India. As per agreement we have to bear all taxes leviable in India.

Pl advice me , wheteher TDS will aply if yes , then at what rate and how the credit for TDS can be taken and by whom . i.e by Foriegn Party or By Indian Party???

Regards

Rohit Singla

02 September 2011 TDS will be deducted by the person making the payment at the time of payment @ 10%.



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