Payment to nri

This query is : Resolved 

11 December 2012 Dear All,

We want to pay certain amount to Hongkong based party, as there is no DTAA between India & Hongkong, at what rate the transaction be taxed?

Regards,
Ritesh

11 December 2012 01.Check if the transaction is hit by section 195, if so tax rate is 30 %.
02.Get 15 CA/CB from a chartered accountant. He/she will guide you for the exact rate of TDS.

11 December 2012 Thanks a lot Mr. Amol Joglekar.


22 December 2012 please specify the nature of transaction.

Anuj



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