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.
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.
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
- Is any professional CA is here please reply
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
