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TDS and PAN applicability for foreign company payment

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23 December 2010 Dear All

our client is an Indian event management Company taking contract for event at Dubai. Our client required to take services like lodging, boarding, stage show , lighting etc. services from an Dubai based company and required to remit USD from India to Dubai. Dubai based company is foreign national for Indian context , have no PE in India, have no PAN in India I have certain questions :-
1.Whether this remittance is liable for TDS deduction in India ? if yes , rate of TDS.
2. foreign firm (Dubai based firm) is required to get PAN in India.
4. What are the DTA provision with this transactions
3. As a CA can we issue Form 15CB

Pls do the needful

Thanks

24 December 2010 1) TDS shall not be deducted.

2) no pan required.

3) form 15CB is compulsory.


24 December 2010 agreed on 1 & 2nd point and no sure of 3rd


24 December 2010 All the answers provided above are correct.



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