TDS

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2011 IF WE MADE A CONTRACT WITH A FOREIGN PERSON FOR ADVERTISING PAYMENT AND LIMIT FOR TDS IS CROSSED IN INDIAN RUPEES. PAYMENT DONE BY US IN FOREIGN RS. & SERVICES ARE PROVIDED BY THAT PERSON IN FOREIGN COUNTRY.

Q.1 . Wheather to foreign party it's indian income or not ?
Q. 2. Wheather responsibility to deduct tds in payment is or not ?

I required urgent answer > PLS help me

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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03 July 2011 ALL PAYMENTS ON NR ARE NOT TAXABLE IN INDIA
IF THE NR HAS A BUSINESS CONNECTION IN INDIA THEN TAXABILITY IS THERE
IF THE PAYMENT IS NOT TAXABLE THEN NO TAX IS TO BE DEDUCTED
CHECK WHETHER NR HAS A BUSINESS CONNECTION IN INDIA
CA MANOJ GUPTA
JODHPUR
09828510543

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2011 Thanks for reply .
But sir in the current case we have made just on time contract with foreign party (i.e. foreign advt. company) for advertisement of our products in foreign country in this how business connection concept was applied.

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