TDS ON FOREIGN COMPANY

TDS 687 views 1 replies

Its a query regarding tax deduction at source on the services provided by a foreign company. As per an agreement between an indian proprietorship firm and a foreign company, that the company providing consultancy services to the firm and for that services he they amount ?

Question:-
1. I want to know that whether the amount paid by us is an fees for professional services or commission, for his consultancy services ?

2. Please suggest the rate of TDS which we should have deducted on the payment made by us whether for professional services or commission ?

Thanks & Regards

Replies (1)

Yes you have to payment for Professional Service.

you have deduct tds u/s 195 @ 10.30 % if foreign company provide pan. otherwise it will be 20 % + Cess & She Cess.


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