TDS When DTAA is present
This query is : Resolved
07 February 2011
Dear Sirs,
If a foreign contractor established in a country with which a DTAA is signed is paid in excess of the exemption limit, is the Indian Company liable to deduct tax?
Kindly reply soon
Thanking you in anticipation
Dear Sirs,
If a foreign contractor established in a country with which a DTAA is signed is paid in excess of the exemption limit, is the Indian Company liable to deduct tax?
Kindly reply soon
Thanking you in anticipation
07 February 2011
Generally, TDS liability u/s 195 for the foreign remittances does not arise if the above foreign contractor does not have any PE in India and you should check this condition in the DTAA with the concerned country then the income Tax is not deductable.
12 March 2011
There is no exemption limit while considering the deduction of TDS u/s 195 unlike other sections like 194C ........
Kindly see the exact nature of remittance and then decide the TDS issue.
Anuj
9810106211
Kindly see the exact nature of remittance and then decide the TDS issue.
Anuj
9810106211
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