We have Imported the Plant & Machinery from Germany. the seller provided the services for installation, commissioning the P&M in india. now he raised the invoice for Technical services provided by him.
my question is :-
1. whether TDS need to be deducted 2. If Yes, than @ what rate ( under Income Tax or DTAA with Germany)
Please note that Seller does not have IRC certificate and PAN in india.
20 June 2014
u/s 195 you have to deduct the TDS @ 10% on payment to non resident . but you have to deduct the TDS @ 20% if the Germany company have not indian PAN.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
20 June 2014
Thanks. but tax rate under DTAA is 10%