TDS


This query is : Resolved 

04 March 2010 We have paid professional charges to foreign consultant from Ethopia for Rs. 35000/- , my question is whether this transaction is liable for TDS, and if yes then at what is the rate of TDS ? what is the procedure u/s 195 ?


04 March 2010 You will have to see if there is any DTAA with taht country. OR Else you can deduct TDS @ 30.9% that is the rate of Income Tax.
For further clarification you can contact International Taxation in your nearest IT Deptt.


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