Tds on foreign payment
This query is : Resolved
Ankit Goel
(Querist)
05 September 2019
IF INDIAN COMPANY PAYMENT TO FOREIGN COMPANY IN USA ON BEHALF OF BRANCH IN USA OF INDIAN COMPANY FOR SERVICE RECEIVED IN USA BY BRANCH WHETHER TDS LIABLE TO TDS DEDUCT BY INDIAN COMPANY OR NOT?
Amol S Joglekar
(Expert)
05 September 2019
you are confusing the "of' 'of' kind of sentence. Please give the clarified version
CA R SEETHARAMAN
(Expert)
05 September 2019
Service is received outside India and service provider is non resident no TDS applicable.
Ankit Goel
(Querist)
05 September 2019
indian company (head office) only payment of branch (usa) expenses direct to the party (foreign resident) for service received by branch in USA.
Amol S Joglekar
(Expert)
05 September 2019
so? It is transfer of funds from Indian Company HO(India) to branch (USA). It is a transfer of funds. There is no any question of TDS
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