We have received a service from a company from Germany. Visiting charges are quite low. But as per the norms I have to deduct TDS U/S 195. The company is having Indian PAN. As discussed with the company personnel, applicable TDS rate is only 8% without any Surcharge or Education Cess.As stated when 10F & TRC are given it is not 30%. Can you please guide me the proper rate. In TDS returns how to show it at this lower rate. Any flag for lower deduction, I have to put during the returns?
CAclubindia
