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APPLICABILITY OF TAX DEDUCTED AT SOURCE

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(Querist)
23 January 2023 is there any TDS section applicable in transaction related to purchase foreign exchange currency from I FOREX INDIA PVT LTD (COMPANY NAME) ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 January 2023 No TDS applicable on purchase of foreign currency but you have to deduct TDS on commission charge by agency, if any..
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shivam singh

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shivam singh (Querist)
24 January 2023 Thank you sir for your valuable answer. Is commission deduct as per section 194-H ?



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 January 2023 Yes.
But check if you (as Individual) are liable for TDS deduction.

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