Tds
This query is : Open
25 June 2013
Hello,
One of my client has taken technical service from foreign co(European). Payment is made directly to the co and service will be provided in India by the employee of the company. Questions are
1) At what rate TDS to be deducted?
2) What will be exchange rate while paying the TDS?
3) Is there any DTAA with Europe?
One of my client has taken technical service from foreign co(European). Payment is made directly to the co and service will be provided in India by the employee of the company. Questions are
1) At what rate TDS to be deducted?
2) What will be exchange rate while paying the TDS?
3) Is there any DTAA with Europe?
30 June 2013
25.75%
TT Buying rate of the date on which entry is booked or payment made, whicever is earlier.
Please check the country of residence of the foreign company.
Anuj
femaquery@gmail.com
TT Buying rate of the date on which entry is booked or payment made, whicever is earlier.
Please check the country of residence of the foreign company.
Anuj
femaquery@gmail.com
01 July 2013
Hello Sir,
Thank you for the reply.
The company is in Italy. There is DTAA with the company. It mentioned the rate at 20% for Technical fees. so i will take the benefit of DTAA.
1)Do i need to take the closing exchange rate or the rate at the time of payment?
2) In which format i need to issue TDS certificate to the company, so that company can take credit in his country?
Thank you for the reply.
The company is in Italy. There is DTAA with the company. It mentioned the rate at 20% for Technical fees. so i will take the benefit of DTAA.
1)Do i need to take the closing exchange rate or the rate at the time of payment?
2) In which format i need to issue TDS certificate to the company, so that company can take credit in his country?
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