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Tds on Charges paid to Foreign Company

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(Querist)
29 August 2007 We are using software of 1 of foreign company and we are paying them some charges payment are done in foreign exchange then is required to be deducted on same @ what rate
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Ashok Kumar G

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Ashok Kumar G (Expert)
03 September 2007 You have to deduct TDS before making the payment, for tax rate please refer Sec194 of the Income tax Act 1961

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