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TDS LIABILITY ON PAYMENT OF NON-RESIDENT

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(Querist)
31 May 2008 Dear Sir,

We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.

Whether these remittances are liable to Tax in India or not?

Please explain.

Regards,
Shanil
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Jitender

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Jitender (Expert)
31 May 2008 payment is iable to tds & ca certificate is also reqd.
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Jitender

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Jitender (Expert)
31 May 2008 yes ,the payment is liable to tds.
tds rate will be lower of rate provided in income tax act or dtaa.
& ca certificate is also reqd.
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