prasanna sahoo (Chartered Accountant) (49 Points)
26 September 2018Sir,
A company want to pay 220000 yen to a japanese company for translation service to be provided in japan.what will be the tds rate amd amount on above.
what document we need from japanese company before making payment.
Thanking you anticipation for quick reply
pksahoo
Manikandan
(Senior Accountant)
(184 Points)
Replied 26 September 2018
As per my knowledge, Income Tax Act, all foreign payments under head “Fees for Professional and Technical Services” are taxed at 10% if the recipient have Indian PAN, which is most unlikely for Individual and SME service providers of various countries, and at 20% rate in case Indian PAN is not available.
prasanna sahoo
(Chartered Accountant)
(49 Points)
Replied 26 September 2018
Sir,
At present company ha no TRC Or Indian PAN but TIN number ,can we deduct 10% tax as per rule 37BC.
With Thanks
pksahoo
prasanna sahoo
(Chartered Accountant)
(49 Points)
Replied 26 September 2018
Sir,
At present company ha no TRC Or Indian PAN but TIN number ,can we deduct 10% tax as per rule 37BC.
With Thanks
pksahoo
prasanna sahoo
(Chartered Accountant)
(49 Points)
Replied 26 September 2018
Sir,
At present company ha no TRC Or Indian PAN but TIN number ,can we deduct 10% tax as per rule 37BC.
With Thanks
pksahoo
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