Witholding TDS
This query is : Resolved
02 June 2008
Dear Experts,
If we have taken consultancy from Foreign country and payment made by one Indian company to other Indian company by grossing up of TDS amount at Indian prescribed rate of tax and then that Indian company pays the amount to forging consultant by again grossing up of that amount.
I want to know is this process correct?
Rgds/-
Anil Jain
If we have taken consultancy from Foreign country and payment made by one Indian company to other Indian company by grossing up of TDS amount at Indian prescribed rate of tax and then that Indian company pays the amount to forging consultant by again grossing up of that amount.
I want to know is this process correct?
Rgds/-
Anil Jain
02 June 2008
if you receipt is nett of tax then it is right
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