tds on pmt of upfront fee to a subsidary of indian company abroad

This query is : Resolved 

27 June 2007 is tds deductible on pmt of upfront fee to a company abroad which is subsidary of indian company

27 June 2007 As per the provisions of Section 195 of the Income tax Act, any person responsible for paying any sum chargeable to tax under the provisions of the income tax Act, 1961 to a non resident foreign company shall have to deduct tax before remitting or crediting the amount to the account of the payee.



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