TDS On Remittance ?
This query is : Resolved
14 March 2009
Hi all
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.
Thanks in advance
Mukesh Kumar
Accountant
Delhi
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.
Thanks in advance
Mukesh Kumar
Accountant
Delhi
14 March 2009
you will deduct tds on payment to contract outside India otherwise it is net of tax you will grossing the amount & pay the tax to the govt
14 March 2009
Is there no law for not deducting tax as i think that no one knows the TDS in foreign.
They say to remittee full amount
They say to remittee full amount
14 March 2009
person responsible to a non-corporate non-resident assessee or to a company other than a domestic company, of any interest or any other sum (not being salary) is required to deduct TDS.
income of recipient taxable in india is subject to tax deduction, not the entire payment.
plz refer section 195 for more details.
person responsible to a non-corporate non-resident assessee or to a company other than a domestic company, of any interest or any other sum (not being salary) is required to deduct TDS.
income of recipient taxable in india is subject to tax deduction, not the entire payment.
plz refer section 195 for more details.
Message likes :
2 times
14 March 2009
for that u need to explain them the income tax provisions of India.
Message likes :
1 times
14 March 2009
Thanks Devanshi for ur suggestion.
14 March 2009
Devanshi is correct.
Message likes :
1 times
16 March 2009
thanks guys.
28 May 2009
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
