DEDUCTION OF TDS ON PAYMENT OF COMMISSION TO N.R. COMPANY
This query is : Resolved
16 June 2011
WHAT IS THE PROCEDURE FOR REGARDING PAYMENT OF BUYING COMMISSION TO NON RESIDENT COMPANY. WHETHER THE TDS IS REQUIRED TO BE DEDUCTED . IF YES AT WHAT RATE. FURTHER WHAT IS THE PROCEDURE FOR FILLING TDS RETURN. WHETHER PAN NO IS NECESSARY.
CA. B.SRINIVASULU
(Expert)
16 June 2011
TDS has to be deducted on the above payment to NRI Company.
First find out what is the rate as per DTAA agreement and compare with Section 195 whichever is benefitial to the assesee that can be adopted.
Secondly find out whether the NRI is having pan no. if he do not have pan then 20% or above whichever is higher has to be adopted.
TDS returns has to be filed as per the normal existing procedure.
First find out what is the rate as per DTAA agreement and compare with Section 195 whichever is benefitial to the assesee that can be adopted.
Secondly find out whether the NRI is having pan no. if he do not have pan then 20% or above whichever is higher has to be adopted.
TDS returns has to be filed as per the normal existing procedure.
CA MANOJ GUPTA
(Expert)
20 June 2011
THE QUESTION OF TAX DEDUCTION ARISES ONLY IF THE PAYMENT MADE TO NON RESIDENT IS TAXABLE IN INDIA
IF THE NR HAS NO BUSINESS CONNECTUION IN INDIA OR NO PE IN INDIA THEN NO TAX DEDUCTION IS REQD
CA MANOJ GUPTA
JODHPUR
09828510543
IF THE NR HAS NO BUSINESS CONNECTUION IN INDIA OR NO PE IN INDIA THEN NO TAX DEDUCTION IS REQD
CA MANOJ GUPTA
JODHPUR
09828510543
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
