Cash paid more than 20000 to a non-resident
This query is : Resolved
Nithyanandaraman L
(Querist)
05 December 2014
Dear Experts please clarify the following
Non- resident gave a speech in collage for 14 days and for his speech collage paid Honorarium amounting to Rs.42000 (i.e Rs.3000 per day for 14 days) in cash in a single day
Here please clarify whether this payment is disallowed or not provided if non-resident is not having any bank account in India and TDS applicability for the same
Non- resident gave a speech in collage for 14 days and for his speech collage paid Honorarium amounting to Rs.42000 (i.e Rs.3000 per day for 14 days) in cash in a single day
Here please clarify whether this payment is disallowed or not provided if non-resident is not having any bank account in India and TDS applicability for the same
CA Parul Saxena
(Expert)
05 December 2014
yes the amount will be disallowed
Nithyanandaraman L
(Querist)
05 December 2014
Dear sir please advice how to handle this whether can i pay this 42000 by splitting it into 3 payments in 3 different days by making 3 seperate vouchers
or some other ways and
Tds applicability on the same
or some other ways and
Tds applicability on the same
CA Parul Saxena
(Expert)
05 December 2014
yes you can make payment in 3 different days for avoiding disallowance.
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Rupesh Jain
(Expert)
05 December 2014
you can pay by cheque or bank tfr or make payment in 2-3 days and also tds applicable u/s 195 @ 10% if PAN available with the non resident otherwise 20% tds will applicable.
Message likes :
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Nithyanandaraman L
(Querist)
05 December 2014
thank you very much for your kind reply sir
Nithyanandaraman L
(Querist)
05 December 2014
Dear Rupesh sir
Is there any Slab limit for Deducting TDS on payments made to Non-Resident or TDS is applicable on any payments even for just small amounts like 1000 rupee also
Is there any Slab limit for Deducting TDS on payments made to Non-Resident or TDS is applicable on any payments even for just small amounts like 1000 rupee also
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