Tds on commission paid to foreign agents
This query is : Resolved
08 May 2012
WHETHER TDS IS APPLICABLE ON COMMISSION PAYMENT TO FOREIGN AGENT MADE FOR ARRANGING SUPPLY OF IMPORTED MACHINERY.
WHETHER THERE ANY CIRCULAR/NOTIFICATION IN THIS REGARD. PLEASE PROVIDE THE SAME.
THANKS
WHETHER THERE ANY CIRCULAR/NOTIFICATION IN THIS REGARD. PLEASE PROVIDE THE SAME.
THANKS
Amol S Joglekar
(Expert)
08 May 2012
No TDS on commission. CBDT circular No 23 dated 23rd January, 1969 reiterated in CBDT circular No 786 dated 7th February, 2000. [SOL Pharmaceutical Ltd v ITO (2003) 30 DTC 535 (Hyd ‘A’ Trib)(2002)83 ITD 72(Hyd- Trib)]
Message likes :
1 times
08 May 2012
But Sir, what is the provision now as the said circular had been withdrawn.
CA. Anuj Gupta
(Expert)
09 May 2012
There are lot of cases on the subject wherein it has been held that the TDS liability shall not be there . However off late there has been a lot of cases which have held that TDS liability is there.
So in my view the assessee has to take a call regarding TDS deduction,keeping in mind the various judgements.
Anuj
femaquery@gmail.com
So in my view the assessee has to take a call regarding TDS deduction,keeping in mind the various judgements.
Anuj
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
