Tds

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2013 Have we to deduct TDS on commission paid to indenting agent in Pakistan.If yes then how much.The agent does not have office in India.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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13 January 2013 Looking to the prevailing circumstances between the two neighbouring countries I would advise to stop the remittance and deduct the whole commission amount as TDS of the Pakistani Agent by severing the business relationship.
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RBI Guidelines may include such a clause looking to the deteriorating relationship between the two countries.
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Further, replying to an anonymous person is problematic in such circumstances. Experts may reply considering the anticipated risk
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