08 January 2009
Sir, our co. sends some parts of machine to Foreign( JAPAN) for repairing purpose,they had charged in foreign currency.my question is : 1.Would it attract TDS. 2.If so then by what rate.is it @ 30%. 3.Is there is any direct nexus with INDIA. 4.Its i foreign Co. & they are performing the work in Foreign. Plz Reply me soon.
08 January 2009
1. It will attract. 2. As per DTAA must be 20% check 3. It a technical service recieved in India. 4. But payment is from India for a contract entered in India
CAclubindia
