Oversea Commission
This query is : Resolved
30 September 2008
Dear All
We are paying commission for overseas parties for Sales of our product
IF it will affect withholding tax what is the percentage
We are paying commission for overseas parties for Sales of our product
IF it will affect withholding tax what is the percentage
30 September 2008
We are paying commission for overseas parties for Sales of our product
IF it will affect withholding tax what is the percentage
IF it will affect withholding tax what is the percentage
30 September 2008
Withholding tax is applicable.Please refer to section 195 of IT ACt.
30 September 2008
the rate of tax will depend upon the amount and the person to whom you are paying
30 September 2008
Further, Refer C.No 786/07.02.2000
Commission paid to a non-resident agent for rendering services outside India, such income does not accrue or arise in India u/s 5 and such payments are not taxable in India and no tax is to be deducted u/s195.
Commission paid to a non-resident agent for rendering services outside India, such income does not accrue or arise in India u/s 5 and such payments are not taxable in India and no tax is to be deducted u/s195.
30 September 2008
TDS Rate u/s 195 :(sec 2(37A))
a) Finance act of the relevant year or
b) DTAA entered by central Govt u/s 90 or
c) Agreement notified by the CG u/s 90A
whichever is most beneficial to the assessee shall apply.
a) Finance act of the relevant year or
b) DTAA entered by central Govt u/s 90 or
c) Agreement notified by the CG u/s 90A
whichever is most beneficial to the assessee shall apply.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
