Tax / fema

YASH MEHTA (article) (114 Points)

11 October 2013  

Dear All,

Please answer the following query :

 

In this case, Indian Company is providing IPR's (Intellectual Property Rights) to a foreign company, thus receiving consideration in foreign currency.  IPR is used in foreign country outside India.

Now, Whether TDS is applicable on the said receipt?

What are the Income Tax & Fema Implications?

 

Thanks in advance

 

Regards,

Yash