Assesse is making payment by his credit card to facebook(Ireland) please tell me whethr that income is accrued or deemed to be accrued in india, as per sec 9(1)
and whether assessee has to deposit TDS or not and if Yes, then at what rate because Facebook does not have any PAN in india
31 October 2012
Hi, If facebook don't have any Permanent Establishment in India(PE) as define in DTAA with Ireland, and the payment is for business income which has not accrued in India, as per my view, no tds to be deducted, but you should take a declaration from face book for not having any place of business in India. Wait for other experts views also.
CAclubindia
