Sales commission received from foreign client
This query is : Resolved
22 December 2011
Dear All,
Can anybody help us to tackle the below narrated issue.
The company get the proposal from one of the foreign client.
The foreign clinet will give all components.The Indian company needs to assemple and sell at the proce decided by the foreign client. The indian compy should send all sales proceeds except the agreed portion for commisson/service.
Pls help us to know tax liability of the above transactions
Can anybody help us to tackle the below narrated issue.
The company get the proposal from one of the foreign client.
The foreign clinet will give all components.The Indian company needs to assemple and sell at the proce decided by the foreign client. The indian compy should send all sales proceeds except the agreed portion for commisson/service.
Pls help us to know tax liability of the above transactions
23 December 2011
Dear Vinod,
As per the facts narrated above, the Indian company becomes a dependent agent of the non resident and may be treated as PE of the non resident in India.
In such case u need to look into the relevant DTAA provisions read harmoniously with the provisions of Income Tax Act to determine the tax liability of the transaction.
CA Abhishek Rana
9899 249248
As per the facts narrated above, the Indian company becomes a dependent agent of the non resident and may be treated as PE of the non resident in India.
In such case u need to look into the relevant DTAA provisions read harmoniously with the provisions of Income Tax Act to determine the tax liability of the transaction.
CA Abhishek Rana
9899 249248
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
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
