21 June 2010
The Pvt.Ltd.Company has purchased the material from China The details are as under Purchase of Raw Material US $ 8370 Sea Freight with InsuranceUS $ 1300 Total US $ 9670
The comany has already remitted US $ 8370 in advance and now it has to remit balance amt of US $ 1300 which is equal to Sea Freight with Insurance .Now whether the Company is require to deduct TDS from this amount if answer is "yes" then what is a rate of TDS P.N.Sabadra
CAclubindia
