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Tds on foreign agents for import purchase

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Guest

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Guest (Querist)
18 December 2014 Do we have to deduct TDS on foreign commission (agents) for purchase of spares through foreign agent?
What will be the TDS implication on payment of such commission through India?
Whether this transaction is considered as import of service under RCM?

URGENT!
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Rupesh Jain

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Rupesh Jain (Expert)
18 December 2014 tds u/s 195 @ 10% if he have PAN otherwise tds rate will be @ 20% on commission
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 01. Yes, the TDS is required to be done u/s195
02. It is also regarded as SERVICE provided as per POPS rules



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Guest

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Guest (Querist)
18 December 2014 Can anyone of provide me any reference?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2014 for refrence u need to go through sec 195
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 What sort of reference do you need?

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