14 September 2016
Can payment made to Non Resident , having business connection in India towards purchase of Raw Material liable for TDS? Also If payment made to non resident directly principle to principle basis without any concern with indian business connection for import of Raw Material? Please provide justification with income tax act and rules thereof.
15 September 2016
No TDS applicable on import of raw material.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 September 2016
Sir Thanks It means TDS not applicable on import of raw material even if Foreign company or Non resident having business connection in india