TDS on payment to Non-Resident for purchase of goods
This query is : Resolved
12 February 2021
If a non-resident wishes to run a business in India & for that he appoints an agent to look after day to day activities. Whether TDS will be applicable on payment towards purchase of goods from such agent of Non-resident?
12 February 2021
Yes, TCS applicable on such payment from agent of non resident.
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13 February 2021
The resident person purchasing goods from a business concern in India owned by a Non resident and manged by an Indian agent has to deduct income tax on the payment made to the agent
Inference :- Explanation 2 of section 195(1).
Inference :- Explanation 2 of section 195(1).
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