sir i am payment to, non resident, company against "one time purchase Fees " in USD how much tds will be desucted ?
rate and under section ?
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 November 2019
Purchase then TDS not applicable...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 November 2019
Fees means...?
Elobrate Your query with more details...!
Elobrate Your query with more details...!
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 01 December 2019
Ordinarily subject to TDS @ 10% plus cess or surcharge as applicable but if DTAA or any other provisions attract as the case may be there may be non applicability of TDS.
Kapadia Pravin
(17259 Points)
Replied 02 December 2019
Since the payment of professional fees is not to a resident Indian, section 194J @ 10% won't apply.
The applicable section will be 195 (where TDS @ 30% maximum ) however subject much to DTAA provisions.
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