Deduction of TDS for foreign remmitance
This query is : Resolved
15 June 2011
A pvt ltd company of india for its businees promotion has participated in a seminar in germany where they were alloted a space to set up their stall. Now the company wants to make payment to the organizers as stall set up fees a sum of Rs.20 lacs who is a foreign company and it also dont have any Permanent establishment in india. is there any need to deduct TDS before making such payment?
15 June 2011
IN TERMS OF SECTION 195 EVERY PERTSON LIABLE TO PAY ANY SUM CHARGEABLE TO TAX TO A NON-RESIDENT IS REQD TO DEDUCT TAX
TAXABILITY IN THIS CASE WILL BE DETERMINED BY SECTION 9
AS U SAY THAT THE GERMAN CO HAS NO PE IN INDIA HENCE NOTHING WOULD BE TAXABLE IN INDIA
NO TAX TO BE DEDUCTED
CA MANOJ GUPTA
JODHPUR
09828510543
TAXABILITY IN THIS CASE WILL BE DETERMINED BY SECTION 9
AS U SAY THAT THE GERMAN CO HAS NO PE IN INDIA HENCE NOTHING WOULD BE TAXABLE IN INDIA
NO TAX TO BE DEDUCTED
CA MANOJ GUPTA
JODHPUR
09828510543
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