Dear friends pls give the correct procedure for the following situation.
Foreign Labaratory services was availed and payment was made in foreign currency.
Whether it attracts TDS,if yes pls give the correct rate and explanations....
Tom S Peter (Article) (148 Points)
14 July 2011Dear friends pls give the correct procedure for the following situation.
Foreign Labaratory services was availed and payment was made in foreign currency.
Whether it attracts TDS,if yes pls give the correct rate and explanations....
hitesh
(Telecom Industry)
(169 Points)
Replied 14 July 2011
please clearly mention the nature of services, where the services were received, and residential status...
Tom S Peter
(Article)
(148 Points)
Replied 15 July 2011
the service was received abroad and the service recipient is a resident and the servce provider is a non-resident...
hitesh
(Telecom Industry)
(169 Points)
Replied 15 July 2011
nature of services also required....also check for P/E in India
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 15 July 2011
Dear Tom
Pl clearly mention nature of service, country etc
Tom S Peter
(Article)
(148 Points)
Replied 18 July 2011
You may consider that as professional services and the country is Germany.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 08 September 2011
TDS shall be deductable under the Income Tax Act, 1961 and I don't think Indo-German DTAA will exempt the same from TDS in India.
Anuj
+91-9810106211
femaquery @ gmail.com
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
