Tax liability under sec-195
This query is : Resolved
25 October 2014
our company is importing machinery from Austria. whether TDS is applicable under sec-195 on import of machinery. if yes then what is the percentage of TDS to be deducted. Whether DTAA is applicable . If yes then which article of DTAA with Austria Deals with Import of Machinery. Pls Reply
26 October 2014
You are importing machinery and on the same you are paying Customs duty. You are not paying the foreigner any income so no TDS but at the time of payment you have to file 15AC
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