Tds on import service
This query is : Resolved
13 October 2012
Dear Sirs:
We have imported service and at the time of remittance we have deducted 10.3% TDS and remitted. foreign vendor do not have PAN. We get default for short remittance at NSDL website. If we asks foreign vendor for applying PAN, they says they have double taxation agreement with India and apply for PAN is not required.
Kindly advise your valuable reply to convince the foreign vendor to apply for PAN. We have already remitted TDS 10.3% under section 195. Kindly advise.
Can anybody reply to my query at the earliest.
Thanks in advance
G. Gangadharan
We have imported service and at the time of remittance we have deducted 10.3% TDS and remitted. foreign vendor do not have PAN. We get default for short remittance at NSDL website. If we asks foreign vendor for applying PAN, they says they have double taxation agreement with India and apply for PAN is not required.
Kindly advise your valuable reply to convince the foreign vendor to apply for PAN. We have already remitted TDS 10.3% under section 195. Kindly advise.
Can anybody reply to my query at the earliest.
Thanks in advance
G. Gangadharan
16 October 2012
Dear Sri G.dharan, In this case witholding tax is applicable & you are require to pay Tds @ 20% u/s 194J ,foreign remittance no PAN required,
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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
