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
Menu
TDS ON FOREIGN COMPANY
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.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
