02 March 2010
We want to make payment to foreign professional in India for service render in India for Rs. 32000/-, my question is whether this transaction is liable for TDS and if yes then at what rate ?
02 March 2010
Assuming that the foreign professional will be NON-RESIDENT,the TDS will be deductible u/s 195.One would have to refer to the relevant Treaty with the country of which the professional is resident.Then the rate will as pe treay or IT Act which ever is beneficial to you.