TDS on Annual subscription fee -Foreign Company
This query is : Resolved
Ashish Kumar Pandey
(Querist)
18 January 2024
Dear Sir,
If an Indian company paid yearly subscription fee to a foreign company, for view latest fashion of leather products on his web portal through login id which is provide by foreign company and received subscription fee yearly for that id.
Foreign company have an Indian PAN registered with his London (UK) address and no PE in India.
TDS applicable or not if yes then which section.
Form 10F & TRC required or not.
If an Indian company paid yearly subscription fee to a foreign company, for view latest fashion of leather products on his web portal through login id which is provide by foreign company and received subscription fee yearly for that id.
Foreign company have an Indian PAN registered with his London (UK) address and no PE in India.
TDS applicable or not if yes then which section.
Form 10F & TRC required or not.
21 January 2024
My view is that TDS not applicable here however we can wait for other experts for further views here.
https://incometaxindia.gov.in/booklets%20%20pamphlets/royalty-and-fees-for-technical-services.pdf
https://taxguru.in/income-tax/section-195-tds-non-resident-payments.html#google_vignette
https://incometaxindia.gov.in/booklets%20%20pamphlets/royalty-and-fees-for-technical-services.pdf
https://taxguru.in/income-tax/section-195-tds-non-resident-payments.html#google_vignette
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