TDS on Commission paid to Foreign Party
This query is : Resolved
18 March 2010
An EOU unit "R" located in chennai pays commission to a foreign company say 'x' on account of order procurement outside India.
i.e. "X" has secured an order for "R" outside India and "R" has paid commission for an amount of Rs. 2000000/- to "X".
Is "X' supposed to deduct TDS on this payment? If so at what rate?
i.e. "X" has secured an order for "R" outside India and "R" has paid commission for an amount of Rs. 2000000/- to "X".
Is "X' supposed to deduct TDS on this payment? If so at what rate?
18 March 2010
Yes And Rate is 10%
18 March 2010
YES. TDS TO BE DEDUCTED U/S195. BUT I AM NOT SURE IF RATE IS 10%. 10% IS RATE OF TDS IF COMMISSION IS PAID TO A RESIDENT.
PLEASE REFER SEC 195 IN DETAIL.
PLEASE REFER SEC 195 IN DETAIL.
Message likes :
1 times
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
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
