TDS DEDUCTION
This query is : Resolved
05 April 2010
Respected sir,
A foreign company has raised a bill in foreign currency for services provided abroad. Can an Indian Company make payment in Indian curency to the above said foreign company and deduct TDS as per the provisions of Section 194 which is 2%
A foreign company has raised a bill in foreign currency for services provided abroad. Can an Indian Company make payment in Indian curency to the above said foreign company and deduct TDS as per the provisions of Section 194 which is 2%
05 April 2010
Dear Ravi,
as you are making payment to Non resident the provision of section 195 are applicable for tax deduction. As bill is raised in foreign currency you need to check FEMA provisin whether payment can be made in indian currency or not. Please send the details of transaction to decide the applicable rate u/s 195 and also provide the details of country of the payee is tax resident.
as you are making payment to Non resident the provision of section 195 are applicable for tax deduction. As bill is raised in foreign currency you need to check FEMA provisin whether payment can be made in indian currency or not. Please send the details of transaction to decide the applicable rate u/s 195 and also provide the details of country of the payee is tax resident.
06 April 2010
AGREE
06 April 2010
Agreed..
10 April 2010
Agreed..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
