1. A company formed at British Virgin Islands rendered Professional Services at Dubai, UAE to assist a company in India with Revenues (Recruitment Services).
2. Remittance has to be made to the company in British Virgin Islands.(BVI)
3. There is no Comprehensive DTAA between India and BVI.
4. Is TDS applicable u/s 195 of Income tax act considering that Professional Services was rendered by the company in BVI outside India? If Yes then what is the TDS Rate? Invoice raised on Indian company from British Virgin Islands.
Best Regards,
Suresh
CAclubindia
