We can claim TDS under withholding Tax, Income Tax

[MITSUI PRIME]

Dear Sir,

I come to know that we have paid Technical Service Fee to our foreign Company of M/s Mitsui Chemical Inc., Japan , services provided to Mitsui Prime Advanced , India. This is subsidiary of  Mitsui Chemical Japan,  without under any PE , of Fixed Base , as per DTAA we have deducted TDS 10% under Article 12 of DATT between India and Japan

Tax Deduction at Sources (TDS) every time deposited to Central Government Account

TDS Deducted by Mitsui Prime Advanced, India on payment of Technical Services, We can claim TDS of Mitsui Chemical Inc., Japan in India. because 70% capital involved in Mitsui Prime, India.

Please tell me your valuable secretion under  scenario.

Regards

Arjun Sachdeva

Posts / Replies

[Rama Krishana]

TDS deducted by Mitsui Prime is eligible for Adjustment with the tax liability of the M/s Mitsui Chemical Inc., Japan and would be available for refund the TDS so deducted is found in excess of total tax liability.