A Public Limited Company wants to make payment of Professional Fees to a party in UAE who has no establishment in India and has not furnished PAN. It has furnished Tax Residency Certificate. What will be the tax rate? Will it be NIL?
4 Replies
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 07 March 2014
Sir,
Basically Income tax under section 194J is not clearly about foreign payment regarding Professional Fee. So that is a confusion but the TDS deduction any other in India @ 10.36%. If you find reply plz forward the same.
Manjunatha
(B.com)
(132 Points)
Replied 08 March 2014
If the party is a foreign national then tds to be done u/s 195 .
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 08 March 2014
tds u/s195 file form 15CA Online and get Form15 CB certificate from chartered Accountant and make payment using Form A2..Generally if the party does not have PAN the rate is 20%
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