Its a query regarding tax deduction at source on the services provided by a foreign company. As per an agreement between an indian proprietorship firm and a foreign company, that the company providing consultancy services to the firm and for that services he they amount ?
Question:-
1. I want to know that whether the amount paid by us is an fees for professional services or commission, for his consultancy services ?
2. Please suggest the rate of TDS which we should have deducted on the payment made by us whether for professional services or commission ?
Thanks & Regards
TDS ON FOREIGN COMPANY
lakshit (accountant) (44 Points)
14 January 2011