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Tds on import of raw material


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Querist : Anonymous

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Querist : Anonymous (Querist)
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.

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15 September 2016 No TDS applicable on import of raw material.

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Querist : Anonymous

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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




15 September 2016 Yes, even then no TDS applicable.

15 September 2016 thank you sir



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