Tds on commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
A NRI person partner in Oman (Oman is Tax free country) I am giving him Commission.
Commission amount deposit in his India's Bank Account if TDS is applicable?
Commission amount deposit in his India's Bank Account if TDS is applicable?
10 December 2011
Yes the TDS is applicable. Since commission or income accrued or arise in India or from Indian connections in abroad.
CA. Anuj Gupta
(Expert)
13 December 2011
Yes if the commission has been directly deposited in Indian Bank account then it can become taxable in India and liability to deduct TDS can arise.
If you had transferred the amount outside India there would have been no TDS liability was there.
Anuj
+91-9810106211
femaquery@gmail.com
If you had transferred the amount outside India there would have been no TDS liability was there.
Anuj
+91-9810106211
femaquery@gmail.com
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