Payment to nri

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2013 My company make payment to NRI RS. 3,74,000 for Business promotion ( Exhibition) without deducting TDS................?


Is that correct?

18 July 2013 no it is not correct, tds is applicable u/s 195 in this case.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2013 it means TDS will be deducted @10% on such payment............

18 July 2013 YES under sec 195 @ 10% on gross payment to NRI.


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