FOREIGN CURRENCY

This query is : Resolved

visu iyer (Querist)
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01 February 2009 Pl. advise the tax implication on the payment made to Foreign individual for the services rendered in designing the promo.

Ur fastest reply is welcomed.. please..

God BLESS U

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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01 February 2009
If the services are rendered in india or deemed to have been received in india under import of service rules then you have to pay service tax on the same.

With reference to income tax you have to check whether ther is any permanent establishement for the person you are making, if it is there then you have to deduct tds as per section 195.