14 January 2011
A Foreign Company whose HO is in Newyork has a Subsidiary Company whose place of business is in India . This Subsidiary Company provides services in respect of Data base sharing to NBFCs. For this purpose, the Subsidiary Co. has purchased an Special Equipment . At the time of billing to the client, the subsidiary co has included amount in respect of Equipment charges apart from the amount of service provided and service tax has been levied on the total amount without bifurcating the two distinct elements. So, can you clear me the issue regarding the TDS deduction by the client along with the relevant TDS section.
CAclubindia
