What is taxability of Guarantee fee paid by Indian Company to its Non- resident Associated Company for providing Guarantee to bank for providing Loan to Indian Company ?
Please, provide relavant section under Income tax.
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Taxability of Guarantee fee paid
Replies (3)
It is taxable in indian since Guarantee commission is earned in India by non-resident company.
company paying commission will be required to deduct TDS under section 195.
company paying commission will be required to deduct TDS under section 195.
But, Guarantee fee can be also treated as Interest or incidental charges ?
Guarantee commission is treated as Interest or incidental charges for Indian Company.
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