chaitanya (A.O) (30 Points)
20 May 2011Please 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.
Harpreet
(* * * * * *)
(1670 Points)
Replied 20 May 2011
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.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 20 July 2011
The TDS shall be deducted @ 10.51%^ if the foreiner has PAN or otherwise 20%.
Anuj
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