TDS on commission paid to foreign co. or individual
This query is : Resolved
16 October 2009
One Company has paid commission to foreign co. situated in Hong Kong.
Nature of Commission is Sales commission.
Now whether TDS is deductible or not?
If deductible than at what % under which secton??
and If not deductible than exempt under whcich section??
Nature of Commission is Sales commission.
Now whether TDS is deductible or not?
If deductible than at what % under which secton??
and If not deductible than exempt under whcich section??
16 October 2009
if the commisssion paid is upto 10% then no tds should be deducted.
16 October 2009
Hi Amit,
"The Authority for Advanced Ruling has ruled that if an Indian company pays a commission to an overseas company to promote its business in that country, such payment will not be taxable in India."
To read the article see the link below
https://www.taxguru.in/income-tax/taxability-of-commission-paid-by-indian-company-to-foreign-company-to-promote-its-business-in-that-country.html
"The Authority for Advanced Ruling has ruled that if an Indian company pays a commission to an overseas company to promote its business in that country, such payment will not be taxable in India."
To read the article see the link below
https://www.taxguru.in/income-tax/taxability-of-commission-paid-by-indian-company-to-foreign-company-to-promote-its-business-in-that-country.html
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