CA Day celebration 2024 Easy Office
LCI Learning

TDS on fees paid for exhibition

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 June 2010 Sir,
A partnership firm in India is dealing in jewellary . They paid huge amount as participation fees in jewellary fair to a company in kuwait. Payment includes 1% comission on sales also. Is this payment liable for TDS?

Plz help.
Profile Image

deepak K Gujrati

Profile Image

deepak K Gujrati (Expert)
18 June 2010 The firm is liable to deduct TDS u/s 195 of the Income Tax Act.
Profile Image

alok

Profile Image

alok (Querist)
18 June 2010 But sir how can we say that this income has arised in india? Bcz the company in kuwait has no any place of business in india.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

deepak K Gujrati

Profile Image

deepak K Gujrati (Expert)
18 June 2010 But the Firm is in India and sales commission has to be received/transferred to India. The liability of the firm is to deduct TDS.
Profile Image

alok

Profile Image

alok (Querist)
18 June 2010 Sir,
nd what about the the TDS on participation fees.Measure portion of the payment is participation fees.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links