Payment of tds
This query is : Resolved
Dhiman S Ahirao
(Querist)
11 April 2014
Recpected Experts ,
We are a manufacturing unit engaged in exports of pharmaceutical bulk drug.
we have paid commission in dollars to our overseas agent through bank for the orders received by us from them.
The agent does not have a office in India and also does not pay taxes in India of any kind.
Do we have to deduct TDS on the commission paid to him and than transfer the amount.
We are a manufacturing unit engaged in exports of pharmaceutical bulk drug.
we have paid commission in dollars to our overseas agent through bank for the orders received by us from them.
The agent does not have a office in India and also does not pay taxes in India of any kind.
Do we have to deduct TDS on the commission paid to him and than transfer the amount.
Rupesh Jain
(Expert)
11 April 2014
you have to deduct tds u/s 195 payment tp non resident @ 10% if he have indian PAN
otherwise you have to deduct TDS @ 20%
otherwise you have to deduct TDS @ 20%
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