IS TDS APPLICABLE...............?
This query is : Resolved
12 February 2010
Royalty payment i.s forign remittance whether we have to deduct TDS including of service tax ( Gross amount) or excluding of service tax( on net amount)
Kindly suggest.
Kindly suggest.
12 February 2010
TDS has to be made on the entire amount billed. There is no question of excluding any taxes
12 February 2010
if payment is made to foriegn party which has no PE (permanenet establishment) in India and payment is directly to party in foreign then no TDS u/s 195(2).
12 February 2010
Dear Shishir Sir,
I have one doubt,
Suppose in above case payment of Service tax liability is on remitter (Indian assessee) like service tax on GTA, then by deducting TDS only on Royalty payment the compliance of TDS can be fullfil?
As I have seen then in case of freight payment in which company is paying service tax, Tax is deducted only on freight amount and not on service tax which company has paid.
I have one doubt,
Suppose in above case payment of Service tax liability is on remitter (Indian assessee) like service tax on GTA, then by deducting TDS only on Royalty payment the compliance of TDS can be fullfil?
As I have seen then in case of freight payment in which company is paying service tax, Tax is deducted only on freight amount and not on service tax which company has paid.
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