Section 195 of ITA, 1961 : Section 195: Other Sums

ITA, 1961

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a scenario where an Indian software development company, Tech Innovations Pvt. Ltd., enters into a contract with a Singapore-based company, Web Solutions Inc., for providing specialized software services. As per the agreement, Tech Innovations Pvt. Ltd. is to pay Web Solutions Inc. a fee of INR 10 million upon completion of the project.

Under Section 195 of the Income-tax Act, 1961, before making the payment to Web Solutions Inc., Tech Innovations Pvt. Ltd. is required to deduct income tax from the payment amount since Web Solutions Inc. is a foreign company. The deduction must be made at the prevailing tax rates in ...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link