Tds deduction in bhutan,

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This query is : Resolved

ASHOK PUNDIR (Querist)

19 March 2014 Dear Sir,
Please guide me on the following Point.
M/s ABC Company Pvt. Ltd., situated in India.
Main Work / Business of said company is JobWork (Repair & Maintinance With Material)
Raised Invoice in Following Pattern to XYZ Ltd., Company situated in Bhutan :
BILL
M/s ABC Company Pvt. Ltd.
India
To;
XYZ Ltd, BILL No: 02
Bhutan BILL DT: 02/03/2014

Sr. No. Particulars Quantity Rate Amount
1 Material(uqj) 2 150 300
2 Material (cib) 3 235 705
3 Material (ouc) 1 141 141

Total of Material Sold 1146
Vat @ -- (Nil) due to Material Exported 0
Net Amount of Material Sold 1146

4 Labour Charges 354

Service Tax @ 12.36% on Labour Charges 44

Grant Total : (Net Amount of Bill ) 1544

The Main Question is that M/s XYZ Ltd., Bhutan, deducted TDS (TDS of Income Tax) @ 3% on amount Rs. 1544/- from our Payment /Invoice & Balance paid to us (1544 Less TDS @ 3% =46/- =Total Rs. =1498/- Paid to us). How we can get benifit of this TDS amount towards our Income Tax Liabilities. The Said Company give us TDS Certificate raised under Govt. of Bhutan.
Your co operation will be highly appreciated.
Thanking You.
Your Sincerely,

(Ashok Kumar Pundir)
Cell No : 9897049500
E_Mail : pundirask@rediffmail.com

CA Manish Sharma

CA Manish Sharma (Expert)

19 March 2014 Since payment has been deposited in Govt of Nepal account you need to contact to their Income Tax Department and you jurisdictional AO.

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