TDS ON COMMISSION ON EXPORT
This query is : Resolved
17 November 2008
If a company sales its product to abroad through agent and it gives Commission to its Agents in USD......Plz tell me whether TDS is Applicable or Not and under which section (clause),How much will be deduct.
If a company sales its product to abroad through agent and it gives Commission to its Agents in USD......Plz tell me whether TDS is Applicable or Not and under which section (clause),How much will be deduct.
17 November 2008
Any sum paid to a non resident attracts tds u/s 195. Tax rate is 30.09%.
17 November 2008
TDS is not applicable on Commission to Agents overseas for securing export orders, as per CBDT circular 23 dated 23.07.1969 and 786 dated 07.02.2000
17 November 2008
I read the circular and I stand corrected. Thanks to Sanjay.
17 November 2008
Thanks You Both.......Now i m sure TDS will not be deducted.
Thanks Once again U Both
Thanks Once again U Both
17 November 2008
If commission paid to Non-Resident of India, in Indian Ruppees..........TDS will be deducted or not?
Not to be deducted but i need ur openions.
Not to be deducted but i need ur openions.
17 November 2008
Not reqd if he has no place of business in India
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