Tds Deduction

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Malcome M Bandya (Querist)
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05 October 2009 Dear

Tds Deduction on foreign payment how much TDS will be deducted on following.

1. Professional fees raised by foreign company
2. Service Maintainance work done by foreign company.

please give the actual rate of TDS to be deducted.

Please Advise

Regards,

Malcome

Shyam Lal Naik

Shyam Lal Naik (Expert)
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05 October 2009 Right.

A word of caution.

1. You need to deduct Edn cess(2%) and SHEC (1%), in case of tds deducted from salary and payment to non residents.

2. You need to deducted surcharge also in case of tds deducted from payment non resident company.

K V Subba Rao

K V Subba Rao (Expert)
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05 October 2009 You are right. Amendment came into force with effect from Payments made from 1st Apr 09

(Refer Para 159.6.3 of 32nd edition of Singahania's Ready Reckoner)

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Malcome M Bandya

Malcome M Bandya (Querist)
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08 October 2009 Dear

We have paid Excess Amount in Service tax Category - Business Auxiliary Services. Can we adjust this excess amount in the another Category - i.e. Maintenance or Repair Service or any other category for future payments.

Please advise.

Regards,

Malcome Bandya.

Malcome M Bandya

Malcome M Bandya (Querist)
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04 December 2009 Tds Deduction on foreign payment how much TDS will be deducted on following.

1. Professional fees raised by foreign company
2. Service Maintainance work done by foreign company.

please give the actual rate of TDS to be deducted.

Please Advise

Regards,

Malcome

Malcome M Bandya

Malcome M Bandya (Querist)
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