Import of software

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

15 September 2011  

Friends

We have imported a software from a company in Singapore. Now while making the payment to overseas supplier do we need to deduct withholding tax as per section 195 read with DTAA under section 90 ?

Can any body clarify the rate. The supplier does not have PAN ini ndia (quite natural) so will the TDS rate be doubled under section 206AA

Please have a thought.

Regards,