Tds for foreign payments

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This query is : Resolved

Sanjib Mukherjee (Querist)

07 August 2012 Dear Sir,
We want to make foreign payment towards Brokerage against our Export Sale. Please advice me whether TDS for such payment is required or not. Generally for any foreign payment we provide 15 CA & CB to Bank. Is there any way where we can send the full payment in USD without deduct any TDS?
Please advice.
Thanks,
Sanjib

Amol S Joglekar

Amol S Joglekar (Expert)

07 August 2012 The first referal commission is exempt from TDS. But 15 CA is must.

Sanjib Mukherjee

Sanjib Mukherjee (Querist)

08 August 2012 Sir, would you like inform the section or clause of this exemption that TDS is not applicable. What is th edeclaration of 15 CA when TDS is not deducted.

Amol S Joglekar

Amol S Joglekar (Expert)

08 August 2012 The 15CA will give you the certificate that the payment is not taxable in India

Sanjib Mukherjee

Sanjib Mukherjee (Querist)

08 August 2012 Sir can u refer the said section of IT Act? that is is not taxable in India

Amol S Joglekar

Amol S Joglekar (Expert)

08 August 2012 refer circular 786/2000. Is it not a well remebering figure)You need to ascertain the referal amount

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