Tds
This query is : Resolved
15 March 2013
I operate a BPO. I receive foreign inward remittances for my services of sale of online educational products through telemarketing. I am authorized by the outsource the business and hence I make payment to several resident individuals and companies in lieu of the services provided by them on the basis of sales made by them. For example if a product is sold by them at USD 20, we get USD 40 from foreign companies and of this, we pay USD 10 to these companies and individuals. is this payment liable to TDS.
17 March 2013
YOU ARE GETTING REMITTANCE IN CONVERTIBLE FOREIGN EXCHANGE BUT MAKING PAYMENT IN INDIAN RUPEES. YOU HAVE TO DEDUCT TDS AS APPLICABLE.
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