Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 Dear Sir,
Why there is a need to deduct TDS in case of non- resident
Thanks & Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 As they will not be filling their return or paying tax like reident assessee so as to prevent tax evasion tax is deducted at source u/s 195..

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 @Tushar Sampat: Thanks for your prompt reply... In my case an Indian Firm have to pay Commission to a company in Luxembourg then whether TDS is to be deducted and if yes than what will be the rate of TDS (as foreign company will not have Pan ) & whether concept of Threshold limit will apply

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 Threshold limit will not apply but the rates mentioned under sec 195 shall be applicable in your case.

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 Thanks @Tushar Sampat

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 you are welcome friend.

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