21 September 2009
HI OUR COMPANY HAS TO PAY COMMISSION TO THE PARTIES IN SPAIN. WHAT IS THE TDS RATE ON COMMISSION IS APPLICABLE USING SPAIN TREATY TO DEDUCT TDS ON SUCH PAYMENTS PLZ REPLY. ITS URGENT
If your company is paying commision to parties for service rendered outside india inconnection with overseas sale , no tds is required under section 195. Please refer to CBDT circular No. 786 dated 07.02.2000.
However if their work related to service renedered in india then TDS is required.
CAclubindia
