Tds payment of non-resident
This query is : Resolved
03 November 2011
My Client is a Private Limited Company. They have imported machineries from Japan. They have been provided Techniqual Services by the Japanes Company. It is arise a TDS liability of my Client u/s 195.
Japanes Company is a Non-Resident, hence it has no PAN.
Can Any one please explain me about the procedure of TDS payment?
Japanes Company is a Non-Resident, hence it has no PAN.
Can Any one please explain me about the procedure of TDS payment?
03 November 2011
Simply deduct TDS @ 20% .
Obtain Form 15CB from a practising CA.
Then upload the said information through site tin.nsdl.com in the form 15CA.
deposit tax.
File TDS return
Issue form 16A after generating from tin website.
Anuj
+91-9810106211
femaquery@gmail.com
Obtain Form 15CB from a practising CA.
Then upload the said information through site tin.nsdl.com in the form 15CA.
deposit tax.
File TDS return
Issue form 16A after generating from tin website.
Anuj
+91-9810106211
femaquery@gmail.com
03 November 2011
These are technical services and I believe agreement is after 1-6-05. So rate of TDS must be 10% + EC + SHEC. and if payment is more than 1 crore than SC will be also added.
03 November 2011
As per queriest, the Japanese Company doesn't have a PAN and hence sec 206AA will come into picture.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
03 November 2011
thanks, Mr. Anuj. I missed that point. TDS rate will be 20%
04 November 2011
Thank sirs. I have one more doubt After deductin g TDS, Whether i have to file TDS return in Form 27Q. If Yes, Whether i have to mention any detail regarding PAN in form 27Q
04 November 2011
i further go through the income tax act, I found that The following categories of persons are not required to obtain or quote PAN :
a) Persons having only agricultural income and who do not have any taxable income . Such persons will file a declaration (Form 61) in respect of transactions where quoting of PAN is mandatory ;
b) Non-residents ;
c) Central Government, State Governments and Consular Offices in transactions in which they are the payers.
a) Persons having only agricultural income and who do not have any taxable income . Such persons will file a declaration (Form 61) in respect of transactions where quoting of PAN is mandatory ;
b) Non-residents ;
c) Central Government, State Governments and Consular Offices in transactions in which they are the payers.
05 November 2011
Amit,
Kindly specify the section when you mention anything in future.Please specify which section are you talking of.
Anuj
Kindly specify the section when you mention anything in future.Please specify which section are you talking of.
Anuj
07 November 2011
sECTION 139A
07 November 2011
Whether DTAA will affect the TDS rate?
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?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
