TAXABILITY OF FTS TO A FOREIGN COMPANY
VINAY KUMAR MITTAL
(Querist) 16 June 2010
This query is : Resolved
ONE OF MY CLIENT CO.HAS ENTERED INTO AN AGREEMENT WITH A ITALIAN CO TO ACQUIRE THE LICENSE FOR THE RIGHT TO USE `A SPECIFIC MANUFACTURING PROCESS` OF WHICH THE ITALION CO IS THE OWNER,ALONG WITH THIS THE AGREEMENT ALSO INCLUDE SUPPLY OF `PDP`AND MANUALS AND CERTAIN ASSISTANCE SERVICES.
SO, WHAT SHOULD BE THE WITHHOLDING TAX RATE.