29 April 2009
A Private Company which is a 100% subsidary of Sigapore based company (parent company).There was a LC(letter of Credit) opened by the parent company for the forex remitance by the indian company, The Commission paid by the parent company for opening the LC, is collected from the Indian Company by rising a Debit note.Does the payment to Parent company attract TDS u/s 195 or other sections? 2.Is TDS u/s 195 is payable only when the payment is made?
CAclubindia
