Tds on export sales commission in foreign currency
This query is : Resolved
04 November 2011
Dear all experts
My query is for the period from April 1st 2011.
I want clarification on TDS applicable rate and PAN requirement on Export sales commission paid in foreign currency in india to overseas agent.
What will be answer of above if DTAA is applicable and if not applicable.
My query is for the period from April 1st 2011.
I want clarification on TDS applicable rate and PAN requirement on Export sales commission paid in foreign currency in india to overseas agent.
What will be answer of above if DTAA is applicable and if not applicable.
06 November 2011
In case the overseas agent is a non corporate assessee the rate of TDS will be
30.9% and in case of Non Domestic Company 41.2%.
In case DTAA is applicable the rates of DTAA would be applicable subject to the condition that the min. deduction would be @ 20.6% if the NR is not having PAN.
30.9% and in case of Non Domestic Company 41.2%.
In case DTAA is applicable the rates of DTAA would be applicable subject to the condition that the min. deduction would be @ 20.6% if the NR is not having PAN.
06 November 2011
There shall be normally no TDS if the overseas agent is being paid Export sales Commission.
DTAA or no DTAA shall not make any difference till the moment forein agent doesn't have any business connection in India.
Anuj
+91-9810106211
femaquery@gmail.com
DTAA or no DTAA shall not make any difference till the moment forein agent doesn't have any business connection in India.
Anuj
+91-9810106211
femaquery@gmail.com
07 November 2011
In case the payment is made in India, whether TDS provisions would be attracted or not as in this case the income is being received in India.
I seek Expert CA Anuj Gupta's invaluable advise. I am of the view that income paid
in India is taxable.
I seek Expert CA Anuj Gupta's invaluable advise. I am of the view that income paid
in India is taxable.
07 November 2011
I would like Mr . Ramesh to reply , whether the money has been paid in Indian account or foreign account of overseas agent.
Anuj
Anuj
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
