Oversea Commission

This query is : Resolved

A RAJU (Querist)
Follow

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

A RAJU

A RAJU (Querist)
Follow

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

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

30 September 2008 Withholding tax is applicable.Please refer to section 195 of IT ACt.

CA Gaurav Khanna

CA Gaurav Khanna (Expert)
Follow

30 September 2008 the rate of tax will depend upon the amount and the person to whom you are paying

Ravikumar.G

Ravikumar.G (Expert)
Follow

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.

Ravikumar.G

Ravikumar.G (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJ SANKLECHA

Pushkar Nagda

sachingurav

R.Prashanth

SUBASH CHANDRA BOSE

Subscribe Now

Oversea Commission

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA