14 December 2012
We have to pay in foreign currency consultancy fees to uganda drug authority for service render in india, what is our tax liability :-
14 December 2012
Service tax is to be paid by indian company which is receiving the services, further 10percent TDS is to be diducted if PAN number of the foreign company is available, if PAN number is not available of that company than 20% TDS is to be diducted
14 December 2012
Mr Praful please note that you need to follow procedure as laid down for Form 15CA and 15CB enabling your bank to remit the amount in foreign currency. CA certification requires and in his certificate he will mention the amount of TDS. Further gross up facility is available so that you remit the amount as per Invoice originated from Uganda.
CAclubindia
