14 July 2013
An Indian company purchases engineering drawings from foreign organisations for the purpose of its business in India.These drawings are termed as pre-engineered design modules required for manufacturing conveyors and material handling equipment of standard sizes and capacities conforming to International standards like DIN.ATEX etc.In fact these are like ready made drawings supplied by the vendor as per the requirements of the customer.My question is whether payment for such purchases can be considered as fees for technical services liable to be subject to TDS u/s 195 of the ITAct 1961.
CAclubindia
