TDS for payment to foreign company for Manpower Supply
This query is : Resolved
07 August 2024
A private limited company incorporated in India is entered into agreement with foreign company, where foreign company send trainers/faculties to India. Indian Company who engaged in teaching will take service of this faculties for giving classes/training to their customers/students. All payments will be made directly by Indian Company to Foreign Company. Then Foreign Company settle the amount of faculties. Whether TDS applicable for this payment by Indian Company under 195? if so, at what percentage?
08 August 2024
Yes, 20% TDS applicable under section 195 under fees for technical services.
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