17 January 2011
If we have taken a foreign consultancy services from outside india then TDS wou ld be deducted @20% but if 15CB form mention nil rate of TDS then TDS would not be deducted.
17 January 2011
Payment to consultants attract TDS @ 20% as per Income Tax Act but if there is an agreement with the county where money will be remitted and as per that agreement no TDS is required to be deducted.in that case Agreement would prevail over the IT ACT.
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