TDS rate u/s 195

VIVEK BARANWAL (CA.) (310 Points)

12 April 2011  

 

We have purchased a machine from vendor of Italy (I & C is IN VENDOR SCOPE)

 

Vendor has installed and commissioned the machine on  the 31.03.2011

We are going for provide liability for  Installation and commissioning.

 

Kindly provide following information

 

1. Whether we have to deduct TDS u/s 195 or not as vendor has not raised bill on us

 

2. If yes please also provide rate of tax u/s 195 and Exchange rate.

 

3. Please also provide procedure related to payment of tax and return.

 

Thanks in advance