TaxTMI 
TaxTMI 
Amounts Received from Foreign Company
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....mounts Received from Foreign Company<br> Query (Issue) Started By: - KrishnaChaitanya Somanagurthy Dated:- 26-11-2018 Last Reply Date:- 6-1-2019 Income Tax<br>Got 2 Replies<br>Income Tax<br>One of Our....
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.... Clients is engaged in providing Consultancy Services to a Foreign Airlines Company. These Consultancy services covers Development and Maintenance services to Software used by the airlines. The Foreig....
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....n Company Does not have any presence in India. Our Client has received Fixed Consultancy fee (in Foreign Currency) every month along with reimbursement of Rental Expenditure, purchase of Laptop and ot....
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....her Expenses. Is there any TDS to be deducted by Foreign Company for payments made to Indian Consultants. Whether The Consultant will be treated as agent and whether the Foreign Company is said to h....
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....ave PE in India . Any FEMA implications on the Same. Thanks Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view TDS is to be done. Reply By kollengode venkitaraman: The Reply: THERE IS NO ....
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....TDS LIABILITY AS THE FOREIFN AIRLINES HAS NO PLACE OF BUSINESS IN INDIA AND IS NOT AN ASSESSEE. HENCE TDS PROVISIONS DO NOT APPLY. THE CULSANTAMT ANT THE AIRLINES TRANSACT BUSINESS ON A PRINCIPAL TO P....
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....RINCIPAL BASIS AND NOT AS A PRINCIPAL-AGENT BASIS. IF THE AMOUNTS ARE RECEIVED THROUGH NORMAL BANKING CHANNELS, THERE IS NO FEMA VIOLATION.<br> Discussion Forum - Knowledge Sharing ....