respected sir,
We are 100% EOU, developing a new product with a consultancy ( from Germany), the consideration was paid by our parent company in germany.
now, our parent company re-blling the above consultancy charges, buy making debit note on us.
if we are paying the debit note, whether we have to deduct TDS ? at what rate ?
regards
rajesh.s
Clarification sought on TDS deduction for EOU's payment to German consultancy via debit note; applicable rate questioned. A company operating as a 100% Export Oriented Unit (EOU) is developing a new product with a German consultancy. The consultancy fees were initially paid by the parent company in Germany, which is now rebilling these charges to the EOU through a debit note. The query seeks clarification on whether Tax Deducted at Source (TDS) should be deducted when paying this debit note and, if so, at what rate. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
