me doing trading business of furniture,me buy furniture from china & he take commission on sale bill than when i paid commission to this china party than we liable to deducted tds on this amount or not
07 August 2012
Yes TDS would be applicable and as per Section 195 you have to obtain form 15CB from Chartered Accountant and furnish e-form 15CA through NSDL site. If the China party has PAN, then the TDS would be deducted @ 10% otherwise 20%
07 August 2012
You have to obtain form 15CB for any amount of foreign currency you will be sending abroad from Chartered Accountant.He will see to it then whether TDS will deducted or not.
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