Tds u/s 195

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2014 Dear Sir/Madam

X(Indian) Co., is Paying Rs.700 to Y(Foreign) Co.,My Queries are
i)X has to deduct any TDS or Not?
ii) what is the Limit for Deducting TDS U/S 195

B.COM, ACA, DISA Namrata

B.COM, ACA, DISA Namrata (Expert)
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28 June 2014 Though section 195 deals with deduction of tax in case of non residents but virtually every section and provision of the act and article of DTAA has to be considered and applied in the context to determine the taxability, taxable amount and the applicable rate.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2014 DTAA agreement is not there, can X Co.deduct any Tds Under Income Tax Act 1961 on that Rs.700

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