Please tell me
at which rate we have to deduct tds for non residents if they render service to the company based india.
Eg:
A is a indian company and B is a foreign consultant if he is rendering service to A.after completing 1 month he send bill to A for amount of 50000/- at what rate now tds should be deducted by A and finally how much he has to pay to B.
plese respond immediately after u study this Query Little urgent.
Thanks in Advance.
The same is depends on that whether you have received the services within india from B or Outside India. If india normal rates will be applicable for B i.e. 10% for professional or technical services. And if outside india then DTAA to be read with that country and same to be deposited under 195 section.
The TDS shall be deducted @ 10.51%^ if the foreiner has PAN or otherwise 20%.
Anuj
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Jawahar and Associates Chartered Accountants
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