SECTION 195
This query is : Resolved
DIBYENDU BANERJEE
(Querist)
07 January 2008
As per recent directive of RBI CA certificate regarding tax deduction under Section 195 has to be submitted to bank for making any remittance abroad. Section 195 covers payment to foreign company and says TDS FOR DEDUCTION ON ANY OTHER SUM CHARGEABLE UNDER THE ACT . In case of payment of import purchase will this be applicable? Please also refer to Section 195(2).
CA. Aryendra
(Expert)
08 January 2008
Other sum Chargeable Under the Act.
And purchase (Import) not chargeable under the Act.
Section 195 (2):
Also talk about portion of chargeable amount under the Act which is not chargeable in case of Recipient.
And purchase (Import) not chargeable under the Act.
Section 195 (2):
Also talk about portion of chargeable amount under the Act which is not chargeable in case of Recipient.
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