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Tds on nr payments

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2011 Dear sir,

An indian partnership firm has paid to NR - foreign company

1) Reimbursement of 90 Euro for travelling expenses : Air fare from Delhi to Mumbai

2) Charges for Visiting the factory for a day 550 Euro

What is the status for tds

Whether TDS is applicable to i and ii

What will be the rate of deduction? 30% or 40%?????

Whether surcharge, Education cess and Higher education cess is applicable in addition to the above rate

01 September 2011 Rate of TDS will be as per the Income tax act and deduction of tds is compulsory.



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