TDS

Hi CA Colleagues,

When is the due date for remitting tds for foreign payments for the month of March? Is it 31st May or 30th Sep? If it is 31st May , in which book it is mentioned. I Searched in Dr. Singhania's Ready reckoner, but i couldn't find.

Please reply. It is very urgent.

Thanks in advance.

Replies (11)

with in 14 days from the end of quarter

As per the provisions of DTAA, TDS should be remitted to the Government at the time of payment to Foreign Parties.

Agreed with Mr. Bogi.

Bogi is right

No, TDS for foreign payments is covered under section 195, wherein if the amount is credited on 31st of March then within 2 months from 31st March, i.e.31st May, in all other cases within one week from the last day of the month in which deduction is made.

Hi

everybody

can u please help me with the TDS rate U/S 195 of the income tax act

with in 14 days
Originally posted by :VIPUL BUBNA
" No, TDS for foreign payments is covered under section 195, wherein if the amount is credited on 31st of March then within 2 months from 31st March, i.e.31st May, in all other cases within one week from the last day of the month in which deduction is made. "


 

Hi Mr. Vipul,

Thank you for your reply, Mr. Vipul, can you please tell me under which section we can find this date and which book i have to refer.

Thanks,

Shashi

You can refer V.K.Singhania professional edition as well as student edition same is covered very well in TDS under section 195

Originally posted by :VIPUL BUBNA
" You can refer V.K.Singhania professional edition as well as student edition same is covered very well in TDS under section 195 "

Hi
 

Vipul

thanks for the reply , but u/s 195 we have to deducted Tds @ 15.45%

Please advice

Thanks

 

Hi

Everybody

If the services are rendered out of India and the vendor is a Non- Domestic company, is it necessary to deduct TDS on the remittance made from india.

Please advice

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