payment made to foreign agents and tds impact u/s 195
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2010
KIND ATTN. SIR
==============
KINDLY CLARIFY WHETHER AN EXPORTER OF GARMENTS REQUIRES TO DEDUCT TDS FOR THE PAYMENT MADE AS COMMISSION TO FOREIGN AGENTS FOR GETTING FOREIGN EXPORT ORDERS ' SINCE IT IS A PAYMENT MADE TO NON-RESIDENT , KINDLY CLARIFY.
WITH REGARDS
CA.P.SHANGAR
==============
KINDLY CLARIFY WHETHER AN EXPORTER OF GARMENTS REQUIRES TO DEDUCT TDS FOR THE PAYMENT MADE AS COMMISSION TO FOREIGN AGENTS FOR GETTING FOREIGN EXPORT ORDERS ' SINCE IT IS A PAYMENT MADE TO NON-RESIDENT , KINDLY CLARIFY.
WITH REGARDS
CA.P.SHANGAR
20 September 2010
no, there is no need to deduct TDS on this, as this is for services outside India but the payment should be made outside India.
But one thing service tax is applicable on this. So you have to calculate service tax on it and deposit to service tax deptt. It is your liability.
But one thing service tax is applicable on this. So you have to calculate service tax on it and deposit to service tax deptt. It is your liability.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2010
KIND ATTN. SIR
==============
THANK YOU FOR YOUR TIMELY REPLY AND WITH REGARD TO PAYMENTS,THEY ARE MADE IN FOREIGN TT FROM INDIA.
WITH REGARDS
CA. P.SHANGAR
==============
THANK YOU FOR YOUR TIMELY REPLY AND WITH REGARD TO PAYMENTS,THEY ARE MADE IN FOREIGN TT FROM INDIA.
WITH REGARDS
CA. P.SHANGAR
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