Tds
Querist : Anonymous
my client had purchased gas meters from china and now he wanted to transfer amount to china so he required 15ca, now my question is whether tds is applicable to deduct or not as he is non-resident
This you have to refer the DTAA between India and China.
If it says purchases are subject to TDS, then you will have to. Otherwise, not required.
But Form 15CA/CB is mandatory.
Querist : Anonymous
In the nature of payment, you should clearly mention 'Purchase of Machinery'.
PS: If you purchase a software, it will be subject to TDS.
Querist : Anonymous
Coz it specifies some payments on which with holding of taxes applicable. Since it does not specify, TDS is not done.
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