TDS DEDUCTION U/S.195
This query is : Resolved
30 March 2023
SIR, AN NON RESIDENT INDIAN(NRI) IS A INDIAN CITIZEN WHO RESIDES IN INDIA FOR LESS THAN 182DAYS DURING THE COURSE OF THE PRECEDING FINANCIAL YEAR OR WHO HAS GONE OUT OF INDIA OR WHO STAYS OUTSIDE INDIA FOR THE Purposes Employment OR..... MY QUERY IS HE/SHE EARNED PROFESSIONAL INCOME IN INDIA AND EARNED MONEY DEPOSITED INTO HIS/HER NRO(NON RESIDENT ORDINARY ACCOUNT) IN INDIA. NO FOREIGN CURRENCY REMITTANCE BY THE COMPANY IN THIS PARTICULAR TRANSACTION. IS FORM 27Q IS APPLICABLE AND TDS IS DEDUCTED IN WHICH SECTION & FORM 15CA-15CB APPLICABLE OR NOT.
CA R SEETHARAMAN
(Expert)
30 March 2023
27Q not applicable on Indian income earned.
194J TDS applicable.
15CA and 15CB not required as there is no outward remittance.
194J TDS applicable.
15CA and 15CB not required as there is no outward remittance.
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