Query regarding foreign national
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
A foreign national has come to India on business visa, and is now resident in India, and providing services of travel agent to local travel agents of making bookings abroad of hotels etc and raising invoice on Indian travel agents for the entire amounts including her hidden commission. i have 2 queries:
a) whether TDS will have to be deducted. In this case bill is for making booking of hotels and torist attractions without specifying the commissions. She will then remit the amount to er country to travel agent there after retaning her commission.
b) Whether she can receive her payment from the Indian Company in US dollars. Whether after becoming resident n India she can open a NRFC a/c to get er payment in foreign exchange
a) whether TDS will have to be deducted. In this case bill is for making booking of hotels and torist attractions without specifying the commissions. She will then remit the amount to er country to travel agent there after retaning her commission.
b) Whether she can receive her payment from the Indian Company in US dollars. Whether after becoming resident n India she can open a NRFC a/c to get er payment in foreign exchange
24 April 2013
Once she is resident, TDS needs to be deducted U/s.194C.
Regarding making payment is foreign currency income tax does not prohibit the same however for such question you should check as per FEMA & RBI Circulars.
Regarding making payment is foreign currency income tax does not prohibit the same however for such question you should check as per FEMA & RBI Circulars.
Message likes :
1 times
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Capital gains in IT returns
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
