09 January 2014
Please clarify whether TDS is applicable or not on following instant .
A pharmaceutical entity of India is to pay Plant Inspection fees & Plant Inspection Charges (Euro 2500) to Foreign Inspectors of Ivory Coast . This is mandatory requirement of Ivory Coast to get Plant & Products approved before exporting to Ivory Coast.
Whether TDS is applicable on above & if yes then at what rate under which sections ?
09 January 2014
Please clarify whether TDS is applicable or not on following instant . A pharmaceutical entity of India is to pay Plant Inspection fees & Plant Inspection Charges (Euro 2500) to Foreign Inspectors of Ivory Coast . This is mandatory requirement of Ivory Coast to get Plant & Products approved before exporting to Ivory Coast. Whether TDS is applicable on above & if yes then at what rate under which sections ?
10 January 2014
your plant inspection charges will attract TDS under sec.195. eventhough it is form part of plant purchase, inspection is the professional nature so tds will apply
since th party is not having PAN, you can deduct tds rate @ 20%