tds on commission paid to non resident
This query is : Resolved
22 February 2010
xyz has a agent for selling the goods in a taiwan with which we do not have a DTAA and for this service we pay him commission at specified %age.
So whether i should deduct tds on this or not.
If yes what would be rate of tds and if no than reason for that.
So whether i should deduct tds on this or not.
If yes what would be rate of tds and if no than reason for that.
23 February 2010
As per ur case it is clear that agent is selling goods on ur behalf it does not matter in the eye of law he is selling goods on ur behalf in India or in Taiwan. While making the payment u have to deduct TDS as per income tax.
23 February 2010
Payment of commission to a non resident for export is exempt from TDS deduction . See cirular 786 dated feb 7, 2000.
23 February 2010
Mr Tiwari is right
23 February 2010
Circuler 786 dt. feb 7,2000 has been withdrawn in oct.2009.
however withdrawal of circuler will change the law? deduction of TDS depends upon Whether income of agent is taxable in india ?
however withdrawal of circuler will change the law? deduction of TDS depends upon Whether income of agent is taxable in india ?
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- LIC maturity claim whether taxable
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- HOUSING LOAN ISSUE
- TDS AND ITR ISSUE
- Portuguese Civil Code IT Return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
