Tds on foreign payment
This query is : Resolved
20 March 2014
A Switzerland based company has charged $20000/- for machinery erection and staff training to Indian proprietary concern.Whether TDS is deductible & if deductible at what rate ,10% or 25%.The Switzerland company is not having pan as well as permanent residence in India.
20 March 2014
For payment to overseas company in repsect of services, the concern has to deduct the TDS under section 195 of IT Act. you have to deduct @ 10%
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