What is the service tax payable on the Royalty payable by the 100% subsidiary of a foreign company?.Is there any abatement,exemption available from the payment of service tax on Royalty.
Should TDS be ducted before payment of Royalty to the Parent Company.Will the TDS be deducted on the total sum of Royalty & Service tax payable.If yes,what would be the rate of TDS to be deducted?
Can Royalty be paid to parent company NET of TAXES?
Asked on 11/08/09, 5:41 am
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Unless it is informed how royalty became payable and the transaction agreement/ documents are perused, it will be difficult to advice.
Answered on 11/08/09, 6:30 am
Related Questions & Answers
-
We have a Employee's co-op credit Society where in their is no employee working... Asked 10/31/09, 5:07 am in India Tax and Taxation Law
-
Is professional tax applicable for Employee's Society and from when? Asked 10/31/09, 1:37 am in India Tax and Taxation Law
-
Whether cess tax 1996 is appliciable to a proporieter execte a work of providing... Asked 10/29/09, 4:53 am in India Tax and Taxation Law
-
Want to practice as an advocate, what is the current new registration fees for a LLB... Asked 10/28/09, 11:51 am in India Tax and Taxation Law
-
I am an advocate :can I do this : 1. file return online on behalf of our customers... Asked 10/25/09, 12:30 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
