Foreign payments
This query is : Resolved
Zamir Shaikh
(Querist)
18 January 2017
Hi Friends,
My query today is "if a foreign company holding an Indian pan card not having a permanent resident in India. Whether TDS is applicable on such foreign payments and at what rate"?
My query today is "if a foreign company holding an Indian pan card not having a permanent resident in India. Whether TDS is applicable on such foreign payments and at what rate"?
CA R SEETHARAMAN
(Expert)
18 January 2017
What is the nature of service and where it is rendered. TDS rates depends on it.
Zamir Shaikh
(Querist)
18 January 2017
Nature of service is Agency commission for bringing a foreign vendor for our exhibition in India.
CA Suresh Jain
(Expert)
18 January 2017
If Company is giving you a PAN No. you can presume that either the Company is a resident or have a representative. If you are paying the Company in INR then you can deduct 10% TDS
CA R SEETHARAMAN
(Expert)
18 January 2017
TDS not applicable on this service. The service is rendered by a non resident company, not having any PE in India and the service is rendered out side India.
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