Dear Experts ,
what compliance to be met if we make payment above 500000 to a NOn resident company ?
What if we make to the same person below 5 lakhs,
Thanks in Advance
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 29 April 2021
Payment to NRI shall have to deduct TDS u/s 195. There is no threshold limit for payment u/s 195. Rates for 195 are 10% , 15%, and 20% according to nature of payment
Ankit Neema
(2742 Points)
Replied 29 April 2021
There is Threshhold for payment made to non resident, you need to deduct TDS u/s 195
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 29 April 2021
No threshold limit. However, tax shall be deducted on sum chargeable to tax. Therefore, if no sum is chargeable to tax in India, then no tax is required to be deducted.
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