Foreign taxation

Deepak Goel (Partner) (54 Points)

29 January 2010  
Dear All, Indian subsidiary company needed software license to activate its software. Its holding company based in US paid the software license fee to the local IT Co. based in US (from whom license taken). Now the Indian subsidiary Co. has to make remittance to the foreign holding Co. for the software License fee. Whether the remittance would be subject to withholding tax (TDS). If yes, under what section? Regards Deepak Goel