28 March 2012
My company is going to ECB loan amounting to 35M under automatic route. And we will have to pay up-front fess to singapore banker and guarantee insurance premium to korea insurance firm.
In this regard please clarify what is the withholding tax applicable on
1. Up front fees payable in USD to singapore bank. 2. Insurance premium amount payable to korea insurance company.
For your information india is having DTAT with both the countries.
CAclubindia
