Tds deducted by nepal on job work
This query is : Resolved
06 October 2016
THE COMPANY HAS A MANUFACTURING TURNOVER OF RS. 500LACS THE NET PROFIT FOR F.Y 2015-16 IS RS. 5 LACS . THE COMPANY HAS DONE A JOB WORK OF RS. 15 LACS IN NEPAL INCLUDED IN ABOVE . A TDS OF 15 % HAS BEEN DEDUCTED BY NEPAL GOVERNMENT. PLEASE ADVICE HOW MUCH TDS CAN BE AVAIL BY US & ALSO TELL THE PROCEDURE FOR CLAIMING THE TDS PAID TO NEPAL.
06 October 2016
Work out the profit earned on Nepal job work and then work out Indian income tax payable on it. Claim relief in the IT return for the Indian income tax payable Nepal profit or Nepal TDS which ever is less.
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