13 August 2016
Clarification required on the following issues • The Payment made to USA companies in foreign currency using company credit card during FY2015-16 amounting to Rs 1.50 lakhs • PAN of the foreign companies not available. • whether is it allowable expenditure if TDS is not made • can TDS be paid now • Whether to be reported to AO/Income Tax Officer, if so what is the procedure
16 August 2016
You need to verify whether the company has any PE (Permanent Establishment) in India. If they have PE, TDS has to be deducted. Also verify if there is any DTAA with the country to avoid double taxation.
CAclubindia
