01 August 2011
My client (A Ltd) is a subsidiary of a German Co (B Ltd). B Ltd has one more subsidiary in Russia (C Ltd). C Ltd has one client in India. However that client can not pay to C Ltd without deducting with holding tax @20%. A Ltd can not bill that client directly because in that case A ltd will have to treat the same amount as part of its turnover and pay service tax and Income Tax thereon.
Is there any other way to save with holding tax amount for C Ltd?
CAclubindia
