TDS on royalty
This query is : Resolved
31 March 2009
Hi,
we want to remit royalty of Rs 50 lac to our parent co. in US, do we need to deduct TDS on it?? if yes what will be rate of TDS?? will it come u/s 194J??? waiting for your valuable reply.
Nazir
we want to remit royalty of Rs 50 lac to our parent co. in US, do we need to deduct TDS on it?? if yes what will be rate of TDS?? will it come u/s 194J??? waiting for your valuable reply.
Nazir
31 March 2009
Section 194J is not applicable to Non Resident.
You need to refer DTAA between India and US.
If you parent co. does not have permanent establishment in India then kindly deduct the TDS @10.56% and if they have a PE in India then at 42.23%.
You need to refer DTAA between India and US.
If you parent co. does not have permanent establishment in India then kindly deduct the TDS @10.56% and if they have a PE in India then at 42.23%.
31 March 2009
Thanks Tushar, our parent co. is based in US and we are 100% subsidiary of that co. now what will be the scenario??
01 April 2009
Deduct TDS @10% but do remeber of Arms Length price.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
