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Tds on foreign remittence

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(Querist)
11 April 2014 Dear All,

i have to pay around USD 10000 to a foreign company Autonomy INC. it is situated in USA.

Please suggest that how much TDS will be deducted on this transaction because they have not any TRC Certificate.
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Rupesh Jain

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Rupesh Jain (Expert)
11 April 2014 you payment regarding the purchase of any material then no tds will deductible.

if you are taking services then you have to deduced teds u/s 195 @ 10% if its have indian PAN otherwise deduct TDS @ 20%
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Vipin Sharma

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Vipin Sharma (Querist)
11 April 2014 Sir this is ok for me but my CA said to me that TDS to be deducted on these service bills @25.75% please sugest on it
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Arihanth Jain

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Arihanth Jain (Expert)
12 April 2014 Sec 195 rates have changes and its 25% for FTA/Royalty cases.

However your transaction nature only will decide on TDS part.
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Vipin Sharma

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Vipin Sharma (Querist)
12 April 2014 Sir,

please suggest when the rates got change if you have any circular No. please suggest
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Arihanth Jain

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Arihanth Jain (Expert)
12 April 2014 Sec 195 rates changed a year ago 01.04.2013. http://www.saraltaxoffice.com/resources/tds-rates.php

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