Dhaval Patel (intermediate) (36 Points)
24 December 2021We’re paying in USD via Credit Cards towards purchase of services like Tookan/ Linkedin / Miro/Server towards business usage. Shall we deduct TDS u/s 195, if yes at what Percentage we’ve to deduct (PAN is not available) and is there any supporting clause which mentions not to deduct TDS.
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 24 December 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 27 December 2021
The section 195 of the Income Tax Act, 1961 is all about the Tax Deducted at Source (TDS) for non-resident citizens of India.
Rate of TDS under Section 195.
| Particulars | TDS rates |
|---|---|
| Short Term Capital gains under section 111A | 15.60% |
| Any other income by way of long-term capital gains | 20.80% |
CAclubindia
