India | Tax Law
11/08/09, 5:41 am
Legal Question
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?
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11/08/09, 6:30 am
Legal Answer
Unless it is informed how royalty became payable and the transaction agreement/ documents are perused, it will be difficult to advice.
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