Goa Seminar June 2014. Residential programme in Goa. Payment to Non-Resident – Case Studies. Case Study – 1 : Facts.
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Residential programme in Goa
Payment to Non-Resident – Case Studies
Assuming the payment is subject to WHT as per Income Tax Act and also as per DTAA (Article 12).
What is the rate of WHT is applicable on this transaction ?
In case A.Co chooses to gross up the WHT, what will the rate of WHT (Rate as IT Act or DTAA) for grossing up ?
What is the date of remittance of WHT to Govt ?
What is the applicable exchange rate for WHT purpose?
If A does not withhold tax, will it be assesse in default for $125 or $25 ?
Do you advise B to apply u/s 197 to tax dept to get a benefit tax withholding on an amount $ 25 instead of $125 in light of recent Instruction No.2/2014 dat.26/02/2014 ?