Tds for foreign payments
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
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
(Expert)
07 August 2012
The first referal commission is exempt from TDS. But 15 CA is must.
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
(Expert)
08 August 2012
The 15CA will give you the certificate that the payment is not taxable in India
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
(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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