Deduction of TDS for foreign remmitance
This query is : Resolved
15 June 2011
A pvt ltd company of india for its businees promotion has participated in a seminar in germany where they were alloted a space to set up their stall. Now the company wants to make payment to the organizers as stall set up fees a sum of Rs.20 lacs who is a foreign company and it also dont have any Permanent establishment in india. is there any need to deduct TDS before making such payment?
15 June 2011
IN TERMS OF SECTION 195 EVERY PERTSON LIABLE TO PAY ANY SUM CHARGEABLE TO TAX TO A NON-RESIDENT IS REQD TO DEDUCT TAX
TAXABILITY IN THIS CASE WILL BE DETERMINED BY SECTION 9
AS U SAY THAT THE GERMAN CO HAS NO PE IN INDIA HENCE NOTHING WOULD BE TAXABLE IN INDIA
NO TAX TO BE DEDUCTED
CA MANOJ GUPTA
JODHPUR
09828510543
TAXABILITY IN THIS CASE WILL BE DETERMINED BY SECTION 9
AS U SAY THAT THE GERMAN CO HAS NO PE IN INDIA HENCE NOTHING WOULD BE TAXABLE IN INDIA
NO TAX TO BE DEDUCTED
CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
