Tds liability on payment made to foreign party
This query is : Resolved
Dinesh Puri
(Querist)
27 June 2014
Dear Sir,
please advise on follow matter:
we have paid sum amount to outside india against technical services for machinery installation without TDS deduct.
WE have not paid TDS.
Plz advise us that TDS liability on this or not.
Thanks
please advise on follow matter:
we have paid sum amount to outside india against technical services for machinery installation without TDS deduct.
WE have not paid TDS.
Plz advise us that TDS liability on this or not.
Thanks
27 June 2014
If its fees for technical services as per section 9 defination than you are required to drduct tds as per rate prescribed under the act or trearty whichever is lower.
Rupesh Jain
(Expert)
28 June 2014
you have to deduct the TDS u/s 195
@ 10% if the company having indian PAN otherwise TDS rate will be @ 20% of sum paid.
@ 10% if the company having indian PAN otherwise TDS rate will be @ 20% of sum paid.
30 June 2014
yes sec 195 is applicable in this case.
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