07 January 2010
Is tax required to be deducted u/s 195 on remittances made to foreign travel agents in respect of commission earned on bookings made by them . Remittance is made through bank by wire transfer to their overseas bank account
07 January 2010
TDS is applicable. Rate of TDS for section 195 is 30% + Cess if payment is to individual and 40% + Surcharge 2.5% + cess if paid to non domestic company.
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