Tds under sec 195

This query is : Resolved

Mantu Agarwal (Querist)
Follow

02 December 2011 Dear Sir,
We are Indian company exported goods to Foreign Company,Sri Lanka.

We have given certain %age of FOB Value as Agency Commission which is less from Sale Bill.

My query Is TDS deductible on such Commission?

sunil nanda

sunil nanda (Expert)
Follow

03 December 2011 yes tds is deducible on such commission

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

04 December 2011 TDS is not deductible under 195.
There are various High Court and Supreme Court judgements on the same.

Anuj
+919810106211
femaquery@gmail.com

Upgrade to CAclubindia Pro. Subscribe Now!

sunil nanda

sunil nanda (Expert)
Follow

05 December 2011 dear anuj gupta ji,
please clearify the matter with example and under which section tds is deductible in this case

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

05 December 2011 Dear Shri Sunil Nandaji,

I don't understand what example I can give you in the above matter.

And I think you have not read my reply, which said "TDS is not deductible under section 195".

In case of any further clarifications you may please mail to me directly.

Anuj