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TMI BlogTDS u/s 195X X X X Extracts X X X X X X X X Extracts X X X X ..... An overseas company(A) dealing in educational books materials has appointed a distributor in India company (B) on a non exclusive basis for selling of the books to Indian schools institutions. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Company A has contracted with a printer in India to print the books on its behalf and deliver them to company B for sales. Printer raises an invoice on company A for the work done and company A pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in foreign exchange. For these books delivered by printer to company B , company A raises an invoice on company B in US $. Can company B remit the amount in foreign currency to company A on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e basis of invoice raised? Is it allowed by FEMA? Is Witholding Tax to be dedcuted . Will this transaction be covered under deemed income of company A? In case the printer is in EPZ , then ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... what will be the scenario? - Reply By sirish narasimha bommakanti - The Reply = Yes company B can remit the foreign currency for the invoice raised. It is permissible by FEMA. Witholding tax ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to be made after examinig the PE status and the relevant country DTAA. The transaction will be covered for taxation in India but relevant DTAA has to be examined. - TDS u/s 195 - Query Started By: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Sanjeev Sharma Dated:- 13-7-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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