05 January 2010
when Foreign institutional investor makes payment to a CA for professional services rendered in india, is tds deductible while making payment.? Note the FII doesnt have PE in india nor opertions except for the investment they make in the indian stock markets through their custodian bank
06 January 2010
YOU ARE WRONG MR BHAVESH In respect of fees for professional services received from foreign companies or foreign law and accountancy firms, any fees paid through regular banking channels to any chartered accountant, lawyer, advocate or solicitor who is resident in India by non-residents who do not have any agent or business connection or permanent establishment in India may not be subjected to deduction of tax at source under section 194J.—Circular : No. 726, dated 18-10-1995
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