28 June 2012
Hi, If we have an agent in Srilanka and we are making it commission payment then should we deduct TDS on forieng currency payment.If Yes then at what rate and as the agent is not having PAN in India then how he will saved from double taxation.
29 June 2012
Depending upon the nature of commission this payment may be exempt from tds. Otherwise tds shall apply @ 30%.
Same income of Agent shall be liable to tax in Srilanka also, however crdit of taxes borne in India will be allowed as a credit subject to ARTICLE 24 - Elimination of double taxation of the treaty)
02 July 2012
Its the commission on providing sales customer but we are doing direct supply to the customer.what do u say its going to be exempted from TDS?
CAclubindia
