Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2012 DEAR FRIENDS,

GOOD AFTERNOON.

I HAVE TO DEDUCT TDS OF EMPLOYEE WHO RECEIVES SALARY (INCLUDE ALLOWANCES)AS WELL AS COMMISSION ON TURNOVER RS.5329145 FOR F.Y.2011-12

ALONGWITH ABOVE INCOME HE ALSO HAD RECEIVED INCOME AS OVERSEAS COMMISSION FROM HONGKONG.
INDIAN RS.200000.

NOW QUESTION IS THAT I MUST HAVE TO INCLUDE HIS FOREIGN INCOME FOR THE PURPOSE OF TDS OR NOT.

THANKS.

28 April 2012 Yes, if he declares that income to you, other wise no need to deduct tds.

Note that in case of tds you must see whether there is any DTAA between hongkong and India otherwise give unilateral relief u/s 91.



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