Hi I am a private ltd company operating in India and received comission in US dollar for services rendered to the. Foreign company for sales outside India. No sales has been performed in India and all sales has been directed from hongkong company and is performed outside India. Now my company received the comission in US dollar. Please help me in understanding that do I need to deduct income tax according to Indian income tax laws or need to deduct the service tax. Please help as I don't have any idea.
Menu
Comission received in india from foreign company
Replies (1)
Your company has received the commission. so, your company do not need to deduct any taxes.
TDS is required to deduct whenever your company is making payment. This is the liability of payer.
As you said, in this case, you are payee.
Therefore, No liability.
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
