16 August 2012
If the Income of the non resident is business profit for him/her then As per Article 7 of the double tax avoidance agreement with USA, the Income is not chargeable to tax in India. Accordingly, TDS is applicable on such payment.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 August 2012
hi AMIT,
As you said as per article 7 if it is business profit then it is not chargeable to tax.
but in last line you again said TDS applicable why it is so?
In my case it is a business income to the foreign party.