We need to make payment to a foreing compnay based in Hongkong for consultancy services and the payment has to be made in US dollar.
Under which section, TDS has to be made? u/s 194J or 195?
What will be the tax rate?
6 Replies
Rishubh Mathur
(Analyst -Taxation)
(442 Points)
Replied 09 February 2009
Mr Sujit
TDS on such transaction will be deducted as per provisions of sec 195 or DTAA between India & Hongkong.
Abhinav Agarwal
(M.Com C.A SAP Consultant)
(814 Points)
Replied 09 February 2009
it should be u/s 195
tax rate 40%+sc+e cess(i am not sure about the tax rate.
CA Deepak Soni
(Chartered Accountant)
(342 Points)
Replied 09 February 2009
Sec 195. payment of sum to a non- resident
receipient is a non-domestic company, hence 40% + ec + shec
if payment exceeds 1 crore than surchargea also will be applicable
SATYENDRA KR. GUPTA
(C.A.FINAL)
(242 Points)
Replied 24 February 2009
Dear Sir/ Mam
Please send me details of provisions regarding the foreing relating to WEB HOSTING renewal charges & domain registration charges urgently.
Also tell me about the rate of TDS if any relating to above .
Cheers
S.K.GUPTA
Atal Kumar Rai
(ACCOUNTS PROFESSIONAL)
(45 Points)
Replied 19 July 2010
Is TDS Applicable in case of payment made through issue of equity shares for the technical advice obtained from foreign company (i,e a russian company) if yes then would it be applicable u/s 195 or 194j.
Preeti
(Accountant)
(21 Points)
Replied 16 December 2014
Is TDS applicable on registration fees (for attending meeting) payable to a company in Hongkong.
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