Court Rules on Tax Withholding for AWS USA Income u/s 195; 10% Tax Deduction Proposed, Adjusting for Equalisation Levy.

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....TDS u/s 195 - withholding tax deducted at source (TDS) - Considering that the nature of these proceedings is confined to withholding of tax, and that the financial year 2022-23 is already over, this Court had suggested to the parties that without prejudice to their rights and contentions regarding the chargeability of AWS USA’s income under the Act, a total of 10% be withheld (less 2% Equalisation Levy that has already been paid) as withholding tax. - HC....