TDS ON FOREIGN PAYMENY

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2010 EARLIER IF WE PAY TO ANY PAYMENT OUT OF INDIA THERE IS NO LIBILITY OF TDS IF NO EXISTANCE OF PAYEE IN INDIA BUT NOW HEAVY TDS APPLICABLE OF ALL TYPE OF PAYMENT I.E. PAYMENT FOR EXHIBITION OUT OF INDIA, COMMISSION, JOB WORK PAYMENT FOR ANY RECTIFICATION AT OUT OF INDIA. PLEASE SUGGEST HOW WE CAN GET RELAXATION BECAUSE NO ONE PARTY OUT OF INDIA ACCEPT TDS AND ULTIMATELY THIS LIABILITY ADD TO OUR EXPENSES.

19 August 2010 Dear Author

You have to furnished Form 15b to bank from a chartered accountant if that remittance come under Article 7 so no tds will be deducted on that payment

Regards

Pooja




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