TDs
This query is : Resolved
mitesh chitrodia
(Querist)
14 July 2011
I Made Payment to Resident of UK after Deducting TDS at Maximum rate i.e @20%.
Example :- UK resident raised Bill for Royalty for 100,i deducted 20/- & remitted balance 80/- to Uk resident & 20/- to the credit of Govt.
can UK resident claim credit of this TDS in UK ?
if Yes Please state the procedure for the same...
Do we need to take certificate for AO?
Example :- UK resident raised Bill for Royalty for 100,i deducted 20/- & remitted balance 80/- to Uk resident & 20/- to the credit of Govt.
can UK resident claim credit of this TDS in UK ?
if Yes Please state the procedure for the same...
Do we need to take certificate for AO?
CA PARAS BAFNA
(Expert)
15 July 2011
In my view, due to Double Tax Avoidance Treaty, the UK resident WILL HAVE TO INCLUDE THIS INCOME IN HIS UK RETURN and may get tax relief there from his overall tax liability if he produces the TDS Certificate in support of his relief claim.
mitesh chitrodia
(Querist)
15 July 2011
Thank u Sir.
Do i need to take TDS certificate certified from Assessing Officer ?????
or Can i Issue it as if issuing to any other deductee.....
Do i need to take TDS certificate certified from Assessing Officer ?????
or Can i Issue it as if issuing to any other deductee.....
CA. Anuj Gupta
(Expert)
15 July 2011
No you shall issue for 16A in normal course. Also the UK Resident can claim credit as per UK Taxation Laws.
Anuj
0-9810106211
Anuj
0-9810106211
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