Foreign payment
This query is : Resolved
08 August 2012
Is there is any liability to deduct tax at source for payment made to foreign company for purchase of machinery spare parts
08 August 2012
As such NO. Section 195 is the hindrance. Get a certificate by chartered accountant.
08 August 2012
Sec 195 is applicable only when there is accrual of taxable income to a non resident in India. If there is DTAA, it should also be considered. If the non resident got PAN in India, then tax TDS at the rate as per the Act or DTAA is to be deducted otherwise 20%.
Normally for purchase transactions TDS is not applicable, if no TDS, no form 15CA or 15 CB required.
Normally for purchase transactions TDS is not applicable, if no TDS, no form 15CA or 15 CB required.
09 August 2012
My views:
1. Whether TDS applies or not, form 15cb/ca complaince may be required. It is not directly related to TDS.
2. Present case, if recipient has PAN, then TDS shall be Nil. However form 15cb is required.
1. Whether TDS applies or not, form 15cb/ca complaince may be required. It is not directly related to TDS.
2. Present case, if recipient has PAN, then TDS shall be Nil. However form 15cb is required.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
