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APPLICABILITY OF TAX DEDUCTED AT SOURCE

This query is : Resolved 

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) ?

23 January 2023 No TDS applicable on purchase of foreign currency but you have to deduct TDS on commission charge by agency, if any..

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

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


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