TDS on Foreign Payment
This query is : Resolved
08 November 2010
An Indian Company PQ Ltd has its Branch AB Ltd in New York. X Ltd. a Foreign company renders Professional Service to the Branch AB Ltd. Does AB Ltd. have to deduct TDS on such payment. If yes, under which section and at what rate?
Happy Diwali..!!
Regards,
Devendra
Happy Diwali..!!
Regards,
Devendra
09 November 2010
No TDs will not be applicable. Since income is not accruing in india.
09 November 2010
section 195(h) or 195(i) apply, please refer the section 195.
The TDS rate is 30% plus EDCess.
The TDS rate is 30% plus EDCess.
20 December 2010
Here kindly check the exact nature of activity provided by foreign vendor AND the ultimate use of that services by the branch to earn any income outside India.
I feel that you should carefully read provisions of sec. 9(i)(vii) of income Tax Act for the same.
9810106211
I feel that you should carefully read provisions of sec. 9(i)(vii) of income Tax Act for the same.
9810106211
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
