the ans. of this ques. is dependent on three issues which are as under: -
01. Payment will be made to da party in INR or Forex 02. whether the hongkong co. has any permanent establishement in India or not. 03. And last is where service is being provided or has been provided.
Mere ans. of your ques. on the basis of ur stated facts will be wrong professionalism and wrong ans. will misguide you.
CAclubindia
