Tds
This query is : Resolved
20 October 2012
Hi to all...
If a manufacturing company whose turnover is 100 crore gives some services of Rs. 400000/- to foreign country's agent for registration of some product in that countries and getting some payment from the agent then is there any liability of a company to deduct TDS and service Tax....
If a manufacturing company whose turnover is 100 crore gives some services of Rs. 400000/- to foreign country's agent for registration of some product in that countries and getting some payment from the agent then is there any liability of a company to deduct TDS and service Tax....
21 October 2012
The company has PROVIDED the service and it has RECEIVED the payment.
TDS is to be deducted when PAYMENT is made to another person.
So TDS provisions are not applicable.
If the total receipt from providing services does not exceed Rs. 10 lakhs, then the company is not liable to pay service tax.
TDS is to be deducted when PAYMENT is made to another person.
So TDS provisions are not applicable.
If the total receipt from providing services does not exceed Rs. 10 lakhs, then the company is not liable to pay service tax.
20 November 2012
In case of export? Please provide details.
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