TDS LIABILITY ON PAYMENT OF NON-RESIDENT
This query is : Resolved
31 May 2008
Dear Sir,
We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.
Whether these remittances are liable to Tax in India or not?
Please explain.
Regards,
Shanil
We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.
Whether these remittances are liable to Tax in India or not?
Please explain.
Regards,
Shanil
31 May 2008
payment is iable to tds & ca certificate is also reqd.
31 May 2008
yes ,the payment is liable to tds.
tds rate will be lower of rate provided in income tax act or dtaa.
& ca certificate is also reqd.
tds rate will be lower of rate provided in income tax act or dtaa.
& ca certificate is also reqd.
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