Hello,
We are importing the goods through High seas purchase however we paying the customs duty as well. The payment towards the purchase goes to the Indian company. In such case, Do we need to deduct TDS ? Please try to explain it with reference to the sectin 195 which says that TDS has to be deducted from payment to Foreing vendors if they have business connection in India. Does this apply to my transaction even though we pay to the Indian company ? because we pay the customd duty on the arrival of high seas purchase goods in India.
Please explain me
CAclubindia
