Applicability of section 195
This query is : Resolved
06 June 2015
Dear All greetings,
As per section 195 of the income tax act if we have to deduct TDS on any payment made to a foreigner.
My query is that if I pay the sum which is "an income not accrue or arise in India" then am I liable to deduct TDS thereon u/s 195?
As per section 195 of the income tax act if we have to deduct TDS on any payment made to a foreigner.
My query is that if I pay the sum which is "an income not accrue or arise in India" then am I liable to deduct TDS thereon u/s 195?
06 June 2015
No TDS under section 195 be made provided the payment is not taxable in India.
08 June 2015
Thanx a lot sir for such an immediate response.
Sir, just to confirm; does the following income paid by indian assesse fulfill the criteria of 'income accrue or arise in India' or not:
"freight payment made to the trucking agency situated in china to truck the goods from Chaina to Hongkong"
pls confirm sir,
thanx in advance..
Sir, just to confirm; does the following income paid by indian assesse fulfill the criteria of 'income accrue or arise in India' or not:
"freight payment made to the trucking agency situated in china to truck the goods from Chaina to Hongkong"
pls confirm sir,
thanx in advance..
08 June 2015
It will not............
09 June 2015
Thank you very much sir
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