tds rebate on pymt to non resident u/s 195

This query is : Resolved

sushil (Querist)
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02 November 2010 Dear all,

i need help on following ques..

If a pvt ltd co. makes pyt to non resi by deducting tds @20.6% u/s 195 towards prof fees to Italy based consultant, can the payee in Italy get rebate of amt deducted by Indian company u/s 195?

if we make pymt net of tds (u/s 195) on 01.11.10, when should should we deposit the tds to govt?

waiting for reply

thanks in advance
Regards,
Sushil.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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03 November 2010 India Income tax act is not applicable outside india.

You have to deposit the tax by 7th of next month.

RANGA SRINIVAS

RANGA SRINIVAS (Expert)
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04 November 2010 Dear ll

Set off of taxes is allowed as per the DTAA entered in to between two countries.

tax has to be deposited with seven days from the closure of the month in which tax is deducted. In your case, it should be on orbefore 07.12.2010

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