TDS
This query is : Resolved
01 June 2009
Hi,
A person is coming from o/s India for repairing a machine in India. The foreign company gives a proforma invoce which contains followings expenses.
1. Eng. person Travelling $800
2. Service charge $5000
3. Daily allowance of Eng. $1000
4. Air tickets, Hotel etc. $1500
Payment is made in advance.
Whether the co. has to deduct TDS ?
If yes, Under which section & on which amount..
A person is coming from o/s India for repairing a machine in India. The foreign company gives a proforma invoce which contains followings expenses.
1. Eng. person Travelling $800
2. Service charge $5000
3. Daily allowance of Eng. $1000
4. Air tickets, Hotel etc. $1500
Payment is made in advance.
Whether the co. has to deduct TDS ?
If yes, Under which section & on which amount..
01 June 2009
For this you need to follow the link stated below:
https://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/section195.htm
TDS needs to be done on $8300 i.e the entire amount. In case foreign company is provided the details of Air ticket hotel charges then this can be removed from the taxable amount.
https://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/section195.htm
TDS needs to be done on $8300 i.e the entire amount. In case foreign company is provided the details of Air ticket hotel charges then this can be removed from the taxable amount.
01 June 2009
Bt sir which rate is appicable? If u/s 194C treated as a contract then 2.266% or If considered as Technical Fees then u/s 194J by 11.33%
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