Tds on foreign payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
I have made a payment to Germany for Rent of Area hire for exhibition purpose . Whether I liable to deduct TDS from the payment I making, Also if yes than at what rate as the party doesn't have PAN no. Also Party gives me Invoice on which he state net payment. Please Solve....
05 July 2013
Yes u need to deduct TDS ...refer sec 195 and if no pan is provided then 20% is applicable as tds rate.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2013
Ok, but party gives me invoice & state that not to deduct any amount from payment. then what can I do...
09 July 2013
Then u need to show them sec 195 provison and ask dem to allow u to dedcut else u willbe assessee is default.
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