Tds on commission
This query is : Resolved
27 January 2015
SIR/MADAM,
MY ASSESSEE HAVE A AGENT IN FOREIGN COUNTRY, AGENT IS ALSO A NON RESIDENT, THE ASSESSEE HAD PAID COMMISSION RS. 500,000/-. IS ASSESSEE IS LIABLE TO DEDUCT TDS.
MY ASSESSEE HAVE A AGENT IN FOREIGN COUNTRY, AGENT IS ALSO A NON RESIDENT, THE ASSESSEE HAD PAID COMMISSION RS. 500,000/-. IS ASSESSEE IS LIABLE TO DEDUCT TDS.
27 January 2015
if both are non resident then no tds deductible when payment is made out of india.
27 January 2015
MY ASSESSEE IS A RESIDENT OF INDIA AND HIS AGENT IS IN BANGLADESH,
IS HE IS LIABLE FOR TDS
IS HE IS LIABLE FOR TDS
27 January 2015
if he has paid commision from india then yes and even if paid outside india but ur assessee still remains 'resident' as per income tax act then sec 195 is applicable
27 January 2015
AT WHAT PERCENTAGE THE ASSESEE SHOULD DEDUCT THE TDS. IT IS CLEARLY THE COMMISSION INCOME
27 January 2015
refer this link and follow category b
https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/forms2010/pamphets/tdsrates_2013_14.htm
https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/forms2010/pamphets/tdsrates_2013_14.htm
27 January 2015
THE GOVERNMENT OF INDIA AND THE GOVERNMENT OF BANGLADESH HAVE DTAA AGREEMENT, IS DTAA HAVE ANY IMPACT ON TDS RATE.
SEC 195 DIES NOT DEFINED THE TDS RATE FOR COMMISSION
SEC 195 DIES NOT DEFINED THE TDS RATE FOR COMMISSION
27 January 2015
then check out the dtaa agreemnt and relevant provision if any in it.
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