Claiming of TDS out of India
This query is : Resolved
04 March 2009
Hi All,
While remitting the money outside India, some time we have to deduct the TDS.
My question is that whether that foreign company could claim the TDS certificate in their tax liability ?
While filing online quarterely TDS return, in PAN column what to enter by Indian company ?
Amit
While remitting the money outside India, some time we have to deduct the TDS.
My question is that whether that foreign company could claim the TDS certificate in their tax liability ?
While filing online quarterely TDS return, in PAN column what to enter by Indian company ?
Amit
04 March 2009
Dear Amit,
Section 195 realted to TDS on non-resident is silent about your question, but simueltenously clarfication is provided in issue of TDS Certificate which includes Section 195.
Means you have to issue TDS certificate to such Non-Resident within prescribed time. and while filing TDS return, you just keep PAN column Blank, and provide the full address of the deductee.
Section 195 realted to TDS on non-resident is silent about your question, but simueltenously clarfication is provided in issue of TDS Certificate which includes Section 195.
Means you have to issue TDS certificate to such Non-Resident within prescribed time. and while filing TDS return, you just keep PAN column Blank, and provide the full address of the deductee.
04 March 2009
Lokesh Sir,
Thanks for the explaination.
But whether that foreign company could able to claim tax benifit in their home country ?
Amit
Thanks for the explaination.
But whether that foreign company could able to claim tax benifit in their home country ?
Amit
04 March 2009
its depend on DTA agreement with India and that foreign country Section 90 of Income Tax
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