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TDS deductions on Foreign Payments... (Income Tax)

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This query is : Resolved



( Author )
26 March 2008

dear sir,

is TDS deducted on foreign payments?

sumeet


Jitender

( Expert )
26 March 2008

yes .


Prasad R

( Expert )
27 March 2008

yes TDS on foreign payments is governed by SEC-195 of the Income Tax Act,1961.



Regards
Prasad.R


CA Shailesh +91 9393926464

( Expert )
27 March 2008

Yes. Under sec 195


CA. Kirti S. Ganatra

( Expert )
27 March 2008

Yes Sec 195


CA Saurabh Maheshwari

( Expert )
27 March 2008

YES U/S 195


R.V.RAO

( Expert )
27 March 2008

UNDER CLAUSES (a) TO (i) of SECTION 195(PAYMENTS OF OTHER SUMS TO NON RESIDENTS ), TDS IS APPLICBALE EITHER AT RATES STIPULATED UNDER INCOME TAX ACT OR AT RATES SPECIFIED IN ADT(AVOIDANCE OF DOUBLE TAXATION) AGREEMENT ENTERED INTO BY GOVT. OF INDIA UNDER SEC 90 WHICHEVER IS LOWER.
R.V.RAO


Sumeet

( Author )
28 May 2008

thank for all your replies. but i am furnishing more details.

is TDS applicable on foreign payments for webhosting ?

my agruments :

a. the company is based in USA and does not have any Permanent Establishment in India.

so no income accrues in India.

b. Service is rendered abroad and payment is also made in foreign currency directly abroad.

c. there was a case where an Indian company WIPRO subscribing to an Online database of a foreign company which is maintained by the foreign company and the ruling was that NO TDS is payable on that payments. does the same apply to web hosting?

Sumeet


Sumeet

( Author )
28 May 2008

please open


Jitender

( Expert )
11 April 2009

tds is applicable as per dtaa.


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