10 June 2015
Foreign company is providing technical services to an Indian company..so can it ask to make the payment of fees for technical services to a local vendor in INR?
10 June 2015
Yes, the terms of payment and/or mode of payment can take such a shape. sec 195 will come into play, in either case, for the simple reason that in the books of account will possess the "Foreign Co's Account " and not the local vendor
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 June 2015
will tds be deducted ? at what rate? Foreign company is having PAN, TRC,but is having no permanent establishment in India
10 June 2015
no foreign company make the invoice from its currency not way . you have to deduct the tds when you payment or credit the a/c which ever is earlier.