We have hired a web server in the US from a company Blue Razor. Every month they charge our credit card and payment is made for the same. Are we liable to deduct TDS on this credit card payment? If yes, how? The company in the US may not be having PAN number.
Similarly, do we need to deduct TDS on payment made for registration and renewal of domain names?
Dear Ankur,
Yes. TDS is to be deducted on such paymentsmade to the company towards hire charges u/s 195 @ 10%.
Regards,
Devendra Kulkarni
Krea University
Chennai
CA
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Arpan Bohra & Co
Hyderabad
CA Inter
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
