Section 195A of ITA, 1961 : Section 195A: Income Payable Net Of Tax
ITA, 1961
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Explanation using Example
Imagine a company in India, TechGlobal Pvt Ltd, enters into a contract with a foreign consultant, Mr. John, for advisory services. According to the agreement, TechGlobal will pay Mr. John $100,000 for his services, and it is agreed that TechGlobal will bear any income tax liability arising from this payment.
Under Section 195A of the Incom...
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