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TDS on consultancy services

CA Paras jain (Audit Senior Assistant) (1544 Points)

24 January 2011

should TDS be deducted on the payment for consultancy services taken from outside india??

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11 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 24 January 2011

Yes you should deduct tds.

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Madhusudan Kabra (knowledge seeker) (1779 Points)
Replied 24 January 2011

TDS should be deducted unless otherwise declaration in Form 15C/CA is taken.

Regards

Kabra

CA Paras jain (Audit Senior Assistant) (1544 Points)
Replied 24 January 2011

can you mention as per which section TDS should be deducted?

Sarita (Article) (154 Points)
Replied 24 January 2011

TDS should be deducted under the Sec.195 of the Income Tax Act.

For the clearance of foreign remittance u/s.195 we have take a Form 15CB certificate from CA.

Under that cert. all details regarding TDS and DTAA is mentioed + 15 CA certi.(from nsdl site - download) is also required.If the PAN no. is not available then double tax will be charged.i.e.20.00%

1 Like

CA Paras jain (Audit Senior Assistant) (1544 Points)
Replied 24 January 2011

if audit is conducted for the first time for the individual who is making payment for the consultancy service then is there any chances of rebate from TDS to him?

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Pankaj Arora (Learner) (3134 Points)
Replied 24 January 2011

No chance of rebate.

CA MAULIK (C.A) (937 Points)
Replied 25 January 2011

As per section 195,,yes

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 25 January 2011

Originally posted by : Paras jain
	if audit is conducted for the first time for the individual who is making payment for the consultancy service then is there any chances of rebate from TDS to him?