XYZ company is a manufacture of equipments and supplied the same to France and Sweden. The installation of the equipments is being done by a Foreign Company in France and Sweden. Foreign company has raised a Service Invoice on XYZ company (Indian Company) for Installation and commissioning of the equipments abroad.
Does XYZ Company (Indian Company) has to deduct TDS in these Service Invoices and remit the balance Payment. What rate of TDS we should deduct? will it be same as Prevailing TDS rate in our country?
Thanks & regards
Kiran
CAclubindia
