We are purchasing goods from Italy.
Is there any liability to deduct tds u/s 195 on payment made against purchase made from foreign ?
If yes, then at what rate ?
CA Ankur Goel (sr. executive) (133 Points)
11 June 2012We are purchasing goods from Italy.
Is there any liability to deduct tds u/s 195 on payment made against purchase made from foreign ?
If yes, then at what rate ?
CA N B S PRASAD
(Audit Officer)
(35 Points)
Replied 11 June 2012
No TDS has to be deducted for import of materials.
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