TDS on Payment licence fees to Foriegn Government
This query is : Resolved
11 November 2008
We are Pharam Company seeking licence from some foriegn governments for sale our products there. Is there and TDS applicable on our payments for licence fees?
11 November 2008
Licence fro foreign Government?or company?
What sort of licence?
What sort of licence?
12 November 2008
Licence from foreign Government designated Department and licence for the sale of medicine in their country.
12 November 2008
12 November 2008
No TDs on Govet Body for obtaining Licence.
12 November 2008
On the licence fee TDS is applicable. They can claim credit for the same if DTAA exists between countries.
12 November 2008
U/s 195 it is mentioned that income should be chargeable for tax under income tax law. Is licence fees in hands of government is taxable?
12 November 2008
Who can claim credit?
12 November 2008
And what would be the rate of TDS?
12 November 2008
Is it government or other than government is not clear from your query.
12 November 2008
This is government boss.
12 November 2008
If it is government,payment to them does not get covered under 195.
12 November 2008
Thanks
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