Tds on the foreign payment

TDS 265 views 1 replies

vamsi netha

Sr Accountant

57 Points Joined June 2010

Hi,

A foreign company rendered us some services raise us an invoice in INR and this co. does not have a 'Permanent establishment' in India. my question is what steps do i need to keep in mind while making paymet. Where do i need to check the TDS rates and how to file etds returns.

Replies (1)

Gagan Deep Singh

CHARTERED ACCOUNTANT

1190 Points Joined October 2012

U hv to deduct tds as per relevant provision of DTAA with that foreign country. If india does not hv DTAA with that foreign country then as per relevant provision of the act.