Regarding tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2013
Hi Sir
My company is in India and I have import services from USA i.e we have taken advertisement services of my company from USA company.I have to pay $ 400 per month.Is there TDS applicable on this amount or not, or i have to paid $400 per month and USA company will itself paid TDS in USA.If TDS is applicable then , how much TDS will be deducted?
My company is in India and I have import services from USA i.e we have taken advertisement services of my company from USA company.I have to pay $ 400 per month.Is there TDS applicable on this amount or not, or i have to paid $400 per month and USA company will itself paid TDS in USA.If TDS is applicable then , how much TDS will be deducted?
10 January 2013
TDS will not be applicable for payment in foreign currency. However if the US company has a Permanent establishment (branch) in India, then TDS will be applicable.
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