Please Help: APPLICABILITY OF TDS ON LICENSE FEES PAID TO US COMPANY
Posted Date : 25-Aug-2011 , 06:37:50 pm | Posted By: Pradeep
Category :
Income Tax | Answers :
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I AM LOOKING ADVICE ON TDS ON LICENSE FEES PAID TO US COMPANY. IS IT REQUIRE TO DEDUCT TDS ON SAME AS PER THE FINANCE ACT 2010 AND UNDER WHICH SECTION? PLZ ADVICE ME ITS VERY URGENT. THANK YOU |
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| Posted By : Rajat Bhatia |
29-Aug-2011, 09:53:37 |
| yes.. tax is to be deducted u/s 195 & rate of tax shud be taken from treaty with US. which is 10% may be. dont forget to submit form 15CA & 15 CB for this payment & moreover u have to submit return of Withholding tax in form 27 Q |
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| Posted By : CA VIPIN GARG |
26-Aug-2011, 09:34:02 |
| Yes as rightly said by Ashish Ji, TDS is to be deducted u/s 195 and the rate will be 10% Pradeep Ji.
Have a nice day Yar......... |
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| Posted By : Ashish Karundia |
25-Aug-2011, 11:28:59 |
| Dear Pradeep,
The TDS has to be deducted u/s 195 of the Income Tax Act, 1961 as the payment is made to non resident (i.e. us company in the instant case) |
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