International taxation

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2012 Does a remittance to a holding company situated outside India by a subsidiary company attract TDS u/s 195?
The remittance is for the services provided by the holding company outside India.

29 June 2012 Yes, may attract very much.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2012 Can u pls explain as to how it is taxable?


03 July 2012 Firstly, unlike a branch, Subsidiary is an independent entity.
Secondly, provision of services may be taxable irrespective of fact that its not rendered in India (Ref expl to Sec 9). Also DTAA may tax the same at reduced rates.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2012 thanks a lot!



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