17 February 2012
Dear all, my client in India wants me to issue a certificate in Form 15CB for a remittance to an advocates' firm in Faroe Islands in Denmark so as to enable them to carry out the legalities of formation of a limited liability company there with 50% share-holding by the Indian co.
Is the amount proposed to be remitted subject to TDS? If yes, then at what rate?
17 February 2012
Please go through DTAA between India and Denmark. and also go through Section 90 and 91 of Income Tax of India. It says that whatever beneficial (from Income Tax Act of India or DTAA)to assessee should be done.
CAclubindia
