Withholding Tax
This query is : Resolved
24 March 2011
Dear friend,
I done a trasaction with Germany company. my liability to pay that company is 10000 euro. after the transaction germen company give us the wavier of 7000 euro. my question is whether our liability to deduct the withholding tax is on 3000 or 10000 euro.
2. Gremen company not aggree to pay the withholding tax to us. whether Indian company can pay this amount from its own pocket. what type of invoice we should raised whether this includes that tax amount or not?
I done a trasaction with Germany company. my liability to pay that company is 10000 euro. after the transaction germen company give us the wavier of 7000 euro. my question is whether our liability to deduct the withholding tax is on 3000 or 10000 euro.
2. Gremen company not aggree to pay the withholding tax to us. whether Indian company can pay this amount from its own pocket. what type of invoice we should raised whether this includes that tax amount or not?
26 March 2011
You shall deduct TDS on the amount you are paying and you must be having the credit note from the foreign vendor.
You should deduct TDS @ 20% and pay 750/- dollars as tax to govt.
You should deduct TDS @ 20% and pay 750/- dollars as tax to govt.
30 March 2011
not satisfactory
10 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
