Please Help: INCOME TAX
Posted Date : 05-Aug-2011 , 10:29:49 pm | Posted By SHUBHAM RASTOGI
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.
Category : Income Tax | Answers : 2 | Comments : 3 | Hits : 441
Answers
Answer By: CA. Sachin Data
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.....
As per my opinion, Section 194C or Section 194J can be attracted.....
Answer By: CA. Sachin Data
Rightly said Mr. Vipin Gargji. I misinterpreted the query.
The case would fall under the ambit of Section 195 only.
The case would fall under the ambit of Section 195 only.
Comments
CA VIPIN GARG
06-Aug-2011 , 08:51:51 am10% my dearrrrrrrr
CA VIPIN GARG
08-Aug-2011 , 08:57:02 amI 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..
SHUBHAM RASTOGI
08-Aug-2011 , 04:38:46 pmDear 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.