1.A company makes payment to a foreign company. At what rate should domestic company deduct tds?Under which section?Any threshold limit?
2. Name some services in which input credit is not allowed.
Karunakar
(ACCOUNTS OFFICER IN TATA PROJECTS LTD.)
(73 Points)
Replied 26 July 2013
U/S 195 TAX WILL BE DEDUCTED CONSIDERING THE NATURE OF EXPENSE HAS TO BE PAID.