Poonawalla fincorps
Poonawalla fincorps

Withholding Tax

This query is : Resolved 

27 December 2010 A non Resident provided services in india, and got commission income accrued in india.


How to deduct withholding tax in india where there in no tax rate given in the ADT Chart. there is rate given only for DIVIDNED, INTEREST, ROYALTY, FEES FOR TECHNICAL SERVICES.

THANKS IN ADVANCE

28 December 2010 The answer to this query will depend on the no of days stay of NR in India and also the exact services that person rendered in India.

31 December 2010 Non resident stay 0 days in india but providing services in india telephonically from outside india for which he receives commission

How to deduct withholding tax


31 December 2010 if the goods are sold in India ,for which the NR earns the commission , then the tax rate shall be 40%+2.5%+3%= 42.23%.
If however the goods are sold outside India then the tax rate shall be NIL.



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