Commission to NRI
This query is : Resolved
sanish p balan
(Querist)
30 August 2010
Sir please tell me whether a Proprietor, who is not liable to TAX Audit, is responsible to deduct TDS when he is making a payment to NRI as a Commission in excess of Rs. 2500?????
CA Sanat Pyne
(Expert)
30 August 2010
NO HE IS NOT LIABLE TO DEDUCT TDS.
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sanish p balan
(Querist)
30 August 2010
Sir,
If an NRI invest In Commodity Market, which is Controlled by Multi Commodity Exchange (MCX) in India and earns income on that investment then tell me please sir whether he is liable to pay tax in india??? and how???
Whether NRI can claim this income as deduction as per Section 36(1)XVI
If an NRI invest In Commodity Market, which is Controlled by Multi Commodity Exchange (MCX) in India and earns income on that investment then tell me please sir whether he is liable to pay tax in india??? and how???
Whether NRI can claim this income as deduction as per Section 36(1)XVI
k c joseph varghese
(Expert)
31 August 2010
deduction of tax at source for payments to non residents is covered by section 195 of the I.T act which uses the word "any person" and hence you have to deduct tax at source
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