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TDS formalities and TRC - NRI turkey

TDS / TCS 521 views 2 replies

A SAAS based private company in India providing software solution on rent basis to industries along with follow ups and online software training. 

For a service it is required to take help of a company in Turkey on recurring basis and then further provide here.

My question is for the payment to this Turkey Vendor.

1. What are the formalities we have to do ?

2. What are the TDS related details that should be asked from turkey based co. ?

3. What will be the exact rate of TDS deduction?

4. Is the TRC mandatory? Kindly provide the flow chart for TDS rate if TRC is provided and if TRC is not provided.

Thanks.

 

 

Replies (2)
I need some more information - Nature of service, amount involved, and Whether there is any PE of the company in india

after that i can help you going through sec 195 and dtaa, whichever is beneficial... but yea, you need TRC and have to fill form 15ca and cb

Sir,

The nature of service is safety data sheets software service -(code is S0803).

Amount involved:

for first invoice 29,000k INR

second invoice 1.5lac INR

What will be the nature of TDS for both the payments?

No, there is not any Permanent establishment of the company.

Thanks.

 


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