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Witholding tax (tds) on payment made to usa for services

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(Querist)
11 February 2018 Dear All

What will be the Withholding tax (TDS) implication for making Annual Subscription payments for Access of Software Service Portal in Boston USA by Indian Company? The fees will be Business Profits for the receiving party in Boston and will be a business expenditure for the Indian Company.

Payment is of around USD 8700. Do we need to submit Form 15CA/15CB to bankers for making the wire transfer?

URGENT help required. Please guide.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 February 2018 10% witholding tax applicable under royalty 15CA and 15CB need to submit to the bankers.
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CA Parag Jani

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CA Parag Jani (Querist)
12 February 2018 Will it make any difference if there are 2 invoices - one is of $4500 and other of $4200? Can I take benefit of Rule 37BB for payments below Rs.5 lakh? Please revert asap.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 February 2018 No better to comply with rules.
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