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Applicability of Witholding Tax in case of import, if foreign company has PE in India, Income Tax |
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Applicability of Witholding Tax in case of import, if foreign company has PE in India |
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Dear Members, Request for your kind views, with case laws or section reference, for Applicability of Withholding Tax in case of import of material, if foreign company has PE in India and it has not provided lower deduction certificate u/s 197(1) of income tax act. Should we deduct the tax at 40%(plus appl. surcharge and cess)? In such case, It will be hardship for foreign company. Thanks and Regards Pankaj Tirthani Bharat Oman Refineries limited Mob - 9222224099 Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
In my view yes.
Dear Sir, Thanks for your kind reply. Can I get some section reference, case law or any other reference. Pankaj Tirthani Bharat Oman Refineries limited Mob - 9222224099
In my view, TDS is not deductible in case of import of material. Page: 1 Old Query - New Comments are closed. |
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