Querry reg Return of Foriegn co where full TDS is deducted by payer

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A N GAWADE & CO

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Aug 10, 2012, 11:48:45 AM8/10/12
to icai_pune_int-tax
Dear All

In case where Indian party has deducted proper TDS u/s 115A under Interest or Technical Fees while making payment to any foreign company which do not have PE in India, whether same Foreign company is required to file of Income.

I read somewhere that since TDS is duducted fully u/s 115A, no return is required to be filed.

Pl guide.

CA Anand Gawade
Managing Partner

A N GAWADE & CO. Chartered Accountants,
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Amit Singhal

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Aug 11, 2012, 1:10:49 AM8/11/12
to Intr Tax
Dear Anand,

Yes your reading is correct but it is limited to interest income in this case.

Meaning thereby if income consists of Interest income only and TDS is deducted thereon then foreign company is not required to furnish ROI - [Refer 115A(5)].

Trusted to be useful to you.
Warm regards,
CA Amit Singhal
Pune, India
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From: "A N GAWADE & CO" <anga...@gmail.com>
Date: Fri, 10 Aug 2012 21:18:45 +0530
To: icai_pune_int-tax<icai_pun...@googlegroups.com>
Subject: [ICAI_Pune_Int-Tax] Querry reg Return of Foriegn co where full TDS is deducted by payer
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A N GAWADE & CO

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Aug 11, 2012, 1:15:33 AM8/11/12
to Icai International tax gr
Thanks a lot.

Its very useful.

Anand Gawade
From: "Amit Singhal" <singhal...@gmail.com>
Date: Sat, 11 Aug 2012 05:10:49 +0000
Subject: Re: [ICAI_Pune_Int-Tax] Querry reg Return of Foriegn co where full TDS is deducted by payer
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