TDS
This query is : Resolved
31 May 2009
M/s. ABC Ltd a company incorporated in US,sells 100 laser printer cartridge to its 100% subsidiary M/s. A Ltd. a company registered in india, at USD 50 per cartridge. Does M/s. A Ltd. liable to deduct TDS at the time of payment?. in my opinion such payment should not be subject to TDS, as the same is related to purchases of goods.If at all the TDS is required to be deducted, at what rate the same should be deducted?
31 May 2009
You are right no TDS will be deducted.
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