Until last year we have been charged @ USD 6200 per Half year
The attached Debit note carries a value of USD 3750 ( for Q1), which indicates that you have revised the charges from USD 6200 per Half year to USD 7500
Was there any agreement for this, who have signed the agreement from NISCO end
Please let me know.
The basis of these charges too have to be given for absorbing the same in our books.
The same will be used for submitting it to our Transfer pricing officers
Changes that will be made in the payouts in FY16
1The Payment will be made net of withholding taxes either as per DTAA or as per income tax act
For Thailand ( for Technical support services) no DTAA rates are available nd hence the withholding taxes will be 10.30%
The payment will be made to you will be lesser by 10.30%
Provide the TRC, without which we wouldn’t be process or account this Debit note at our end