circular no.7/2009(f.no.500/135/2007-ftd-I) dt 22.10.2009 has withdrawn circular 23 dt 23.07.1969, 163 dt 29.05.1975, 786 dt 7.02.2000. in view these whether commission to foreign agents outside india can be paid , whether tds is applicable, what one is to comment in form 15CB.
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Commission can be paid to foreign agents without TDS if these agents have not PE in India. IN form 15CB, the rate would be NIL
what would be the position in view of the recent AAR ruling in case of SKF Boilers and Driers Pvt.Ltd., will TDS be made applicable?
Case law of AAR SKF Boilers has litlle persuasive value as the said case is applicable only the applicant and the Income Tax Department.
There is case of Toshoku Ltd (SC) and Eon Technology P.Ltd.(DHC) on the matter, and they have persuasive value over the SKF case.