APPLICABILITY OF TAX DEDUCTED AT SOURCE
This query is : Resolved
Quick Summary
shivam singh
(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) ?
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
(Querist)
24 January 2023
Thank you sir for your valuable answer. Is commission deduct as per section 194-H ?
Dhirajlal Rambhia
(Expert)
24 January 2023
Yes.
But check if you (as Individual) are liable for TDS deduction.
But check if you (as Individual) are liable for TDS deduction.
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