Tds

This query is : Resolved

Cavimal (Querist)
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14 December 2011 Pls tell me the rate of TDS given in DTAA with USA on Fees for Technical Services.

Its very urgent.

Thanks

CA. Shushil Kumar

CA. Shushil Kumar (Expert)
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14 December 2011 Tax on royalties and fees for technical services will be levied in the country of source as follows
A. 10% in case of rental of equipments and services provided alongwith know-how and technical services
B. In any other cases
- During first 5 years of agreement - 15% if payer is Govt/ Specified Organisation - 20% in other cases
- Subsequent Years - 15% in all cases
Income of Govt/ certain institutions exempt from taxation in the country of source