An Indian Company is supposed to deduct tax on amonut paid to a US company. But I dont know the rate for such deduction. Kindly help me out with the provisions of the Income Tax Act.
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Tds - non residents
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rate depends on nature of payment,but US company should have a PAN, else rate is deductible as per the Act. DTAA or Act whichever is beneficial to US co., that rate will apply. generally as per s115A, TDS @ 25%.
DTAA you need to check.
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