Foreign payments

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Zamir Shaikh (Querist)
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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"?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 January 2017 What is the nature of service and where it is rendered. TDS rates depends on it.

Zamir Shaikh

Zamir Shaikh (Querist)
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18 January 2017 Nature of service is Agency commission for bringing a foreign vendor for our exhibition in India.

CA Suresh Jain

CA Suresh Jain (Expert)
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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

CA R SEETHARAMAN (Expert)
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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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