TMI BlogCross border leasingX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi Team, We are an Indian pvt ltd company and are planning to lease an equipment from USA for 10 years. We will be paying monthly XXX amount as monthly rent to US company and this will be in US dolla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs. Please can you let me know if we need to 1) Get prior approval from DGFT, RBI 2) Will the rent paid to the USA company be taxable. What will be the TDS rate and does this come under the double ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxation agreement. Will this be considered as royalty, technical fees, other income under double taxation? Regards, Sreehari 78128 05670 - Reply By MARIAPPAN GOVINDARAJAN - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In my opinion you have to get approval. The rent paid is liable to tax. - Reply By Sreehari K - The Reply = Dear Mariappan, Thanks for your message. From my research, it looks like operating le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase does not fall under the automatic approval route and should not ideally require prior approval from RBI and DGFT. On the TDS, this is applicable I am trying to find out the exact amount under th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Double Taxation agreement between India and USA. Dear members, Can you give your comments. Regards, Sreehari - Cross border leasing - Query Started By: - Sreehari K Dated:- 3-3-2015 Other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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