Tds u/s 195

This query is : Resolved

Vijay Kumar (Querist)
Follow

04 May 2012 Dear Sir,

Could you please clarify the following queries:

1. Can we deduct TDS@20% u/s 195 on the freight charges charged ag. Invoice/Debit Note by the Foreign Company and pay the net amout.

or

2. Shall we Gross up the TAX component for the Freight charges and pay the same amount what is stated in the Invoice/Debit Note by the Foreign Company instead of deducting the TAX.

If there is any case-law regarding this please provide it.

Please advise.

Thanks & regards,

Vijay Kumar

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

06 May 2012 That depends on the agreement between the two parties ,normally the first route is adopted as the foreign party can get claim of tax deducted in India.

Vijay Kumar

Vijay Kumar (Querist)
Follow

07 May 2012 Dear Sir,

Thank You very much for your advice.

Could you kindly let me know how the Foreign Company shall claim the TAX deducted by us.

Thanks & regards.

Vijay Kumar

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

07 May 2012 under the provisions of Tax credit mechanism of DTAA that India has signed with that country.

Anuj

Vijay Kumar

Vijay Kumar (Querist)
Follow

08 May 2012 Thank You Sir.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

nilesh

NITHIN GEORGE

N.VENKATARAMAN

Rajat Khandelwal

PIYUSHBHAIPOPAT

Subscribe Now

Tds u/s 195

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

Accountant

CA Final

GST CONSULTANT

GST CONSULTANCY