Answer Posted / amit singh

Withholding Tax are applicable when payment is made to
NRIs and Foreign Companies:

Withholding Tax Rates for payments made to Non-Residents
are determined by the Finance Act passed by the Parliament
for various years. The current rates are:

1. Interest - 20% of Gross Amount

2. Dividends - 10%

3. Royalties - 20%

4. Technical Services - 20%

5. Any other Services - Individuals - 30% of net income


Companies/Corporates - 40% of net income

The above rates are general and in respect of the countries
with which India does not have a Double Taxation Avoidance
Agreement (DTAA).

Double Taxation Relief:

India has entered into DTAA with 65 countries including
countries like U.S.A., U.K., Japan, France, Germany, etc.
These agreements provides for relief from the double
taxation in respect of incomes by providing exemption and
also by providing credits for taxes paid in one of the
countries. These treaties are based on the general
principles laid down in the model draft of the Organisation
for Economic Cooperation and Development (OECD) with
suitable modifications as agreed to by the other
contracting countries. In case of countries with which
India has double taxation avoidance agreements, the tax
rates are determined by such agreements.

How we do the Testing? Normally how many types of testing process we use in SAP?

2067

---

Generally what order will be followed in implementation of sap modules?

2169

---

What do you mean by depreciation area? : fi- asset accounting

986

---

What is the difference between 'company code' and 'company id' when in the fi global settings in the img?

1226

---

Difference between structure and unstructured in MT940 In Bank reconciliation statement?

4175

---

What is a po history? : fi- accounts payable

1144

---

What is a company code ? Describe its relationship with a controlling area?

1038

---

For stat. Key figure what is the significance of sender & receiver cost elements & cost centers?

1083

---

How do you create gl account master data? : fi- general ledger

1148

---

how to delte g/l if transaction are updated. :- hi expertise how to delete the g/l a/c if the transaction are updated in. whether any possibility to delete. let me know. thanks in advance

1812

---

Does functional module level configuration come under workbench request or customizing request?

2347

---

Hi all, what is the main difference between ABAV,ABAVON AND ABAVN? i have seen the related answer but there is some misconception.so please provide the most suitable answer. thanks in advance

6141

---

Explain an account group. What does it control?

1061

---

Explain automatic payment programmer

981

---

What is the main activities of Assessment Cycle? and how it works? plz. give the configuration in details.

2355

---