27 October 2010
An indian firm (wholly setup in india) is providing consultancy services to company setup in Liberia. As per liberian taxation rules that company deduct 6% witholding tax from the service charged by indian firm. my questions are as follows: 1. Will that income is taxable to Indian firm? 2. If yes then can indian firm get witholding tax benefit which is deducted by liberian company? 3. Is there any agreement or any taxation rules that cany be referred in correspondence to this?
CAclubindia
