Tds on foreign agents for import purchase
This query is : Resolved
Guest
Guest
(Querist)
18 December 2014
Do we have to deduct TDS on foreign commission (agents) for purchase of spares through foreign agent?
What will be the TDS implication on payment of such commission through India?
Whether this transaction is considered as import of service under RCM?
URGENT!
What will be the TDS implication on payment of such commission through India?
Whether this transaction is considered as import of service under RCM?
URGENT!
Rupesh Jain
(Expert)
18 December 2014
tds u/s 195 @ 10% if he have PAN otherwise tds rate will be @ 20% on commission
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Amol S Joglekar
(Expert)
18 December 2014
01. Yes, the TDS is required to be done u/s195
02. It is also regarded as SERVICE provided as per POPS rules
02. It is also regarded as SERVICE provided as per POPS rules
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Guest
Guest
(Querist)
18 December 2014
Can anyone of provide me any reference?
18 December 2014
for refrence u need to go through sec 195
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Amol S Joglekar
(Expert)
18 December 2014
What sort of reference do you need?
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