TDS
This query is : Resolved
manoj mahimkar
(Querist)
31 May 2009
M/s. ABC Ltd a company incorporated in US,sells 100 laser printer cartridge to its 100% subsidiary M/s. A Ltd. a company registered in india, at USD 50 per cartridge. Does M/s. A Ltd. liable to deduct TDS at the time of payment?. in my opinion such payment should not be subject to TDS, as the same is related to purchases of goods.If at all the TDS is required to be deducted, at what rate the same should be deducted?
CA.BHARAT BHUSHAN
(Expert)
31 May 2009
You are right no TDS will be deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
