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Q. > Please Help: INCOME TAX
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558 views • Question added Aug 05, 2011 • Income Tax • By SHUBHAM RASTOGI , CA , LUCKNOW


If a payment is made to NRI in US dollar for procuring business in US for the assessee in INDIA then what is the rate at which tax is supposed to be deducted.

2 Answers

answered Aug 06, 2011 by CA. Sachin Data , Alwar

What sort of work it is procuring will decide the rate of tax.
As per my opinion, Section 194C or Section 194J can be attracted.....


answered Aug 08, 2011 by CA. Sachin Data , Alwar

Rightly said Mr. Vipin Gargji. I misinterpreted the query.
The case would fall under the ambit of Section 195 only.


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CA VIPIN GARG

06-Aug-2011 , 08:51:51 am

10% my dearrrrrrrr

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CA VIPIN GARG

08-Aug-2011 , 08:57:02 am

I am sorry to say Sachin Ji that i am not agree with you because as far as i concern only sec 195 can be attracted in the above case..

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SHUBHAM RASTOGI

08-Aug-2011 , 04:38:46 pm

Dear Sachin, the work is in nature of procuring data management work in US and trasnferring it to the assessee in India.i understand that it will attract sec 195. but in that case what will be the Tax rate.

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