TDS on Royalty Payable to UK based company - royalty on sale
kalpesh (CA) (34 Points)
06 August 2009kalpesh (CA) (34 Points)
06 August 2009
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 11 May 2011
Originally posted by : kalpesh | ||
1) Whether TDS is deductible on Royaly payable by indian company to UK based parent company ( Royalty on sales)? 2) As per DTAA with UK , whether TDS is exempted ? 3) Are there any rerstrictions on the amount of Rotalty on Sales? |
Yes , @ 10.5575% if there is PAn otherwise 20%.
No TDS is not exempted.
No restriction under FEMA
Anuj
0-9810106211