Please advise whether TDS should be deducted on commission paid by Indian Holding Co. based in India to its Foreign Subsidiary Co. based in USA which do not have PE in India.
14 January 2013
Dear Friend, TDS will be deducted on all payments made to outside India by Indian companies , whether the receiving entity has or not pE in India.TDS will be deducted from the above payment u/s. 195 of the Income Tax Act, 1961.Thanks