Hello everyone,
my client is an ad agency. he published an ad in south african airlines magazines for his client who is India. Now he wishes to remit payment to the south african publication and has approached me for form 15CB.
some imp information
1. SA publication does not have any branch/office in india
2. My client will make payment in USD through HDFC bank ltd into the foreign current account of the non resident. (i think this is payment outside india )
3. service is provided outside india.
My question :
Is TDS applicable in this case if yes then at what rate ?