Tds

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 Dear Sir,
Why there is a need to deduct TDS in case of non- resident
Thanks & Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 January 2014 As they will not be filling their return or paying tax like reident assessee so as to prevent tax evasion tax is deducted at source u/s 195..

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 @Tushar Sampat: Thanks for your prompt reply... In my case an Indian Firm have to pay Commission to a company in Luxembourg then whether TDS is to be deducted and if yes than what will be the rate of TDS (as foreign company will not have Pan ) & whether concept of Threshold limit will apply

Upgrade to CAclubindia Pro. Subscribe Now!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 January 2014 Threshold limit will not apply but the rates mentioned under sec 195 shall be applicable in your case.

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 Thanks @Tushar Sampat

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 January 2014 you are welcome friend.