Tds on payment of technical fee to non residents ?
This query is : Resolved
19 September 2024
A company has received invoice for 10000 usd for technical service provided by foreign company located in germany through online mode. Foreign company doesn't have PE in India.
Is tax needs to be deducted? If yes then at what rate ?
Is tax needs to be deducted? If yes then at what rate ?
19 September 2024
TDS applicable under section 195 at the rate of 20% being payment for technical services.
20 September 2024
The fees for technical services attract 20% tds plus 5% surcharge and 4% education cess that works out to 21.84% as per income tax act. If you want to claim the benefit of DTAA for tds at the rate of 10%, the foreign company needs to file Form 10F online via www.incometax.gov.in.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
