Tds on foreign payment
This query is : Resolved
Naseer P.M
(Querist)
26 March 2012
We are a private limited company doing import business of sanitary wares. For a new model of shower enclosure as per our design, we contacted the foreign party and they are ready for doing that. But for the new mould,it will cost USD.30000/- Our question is whther we need to deduct TDS for this transaction. If yes what is the percentage of TDS.
Thaning you,
Naseer P.M
Thaning you,
Naseer P.M
Arihanth Jain
(Expert)
28 March 2012
TDS shall be nil in your case.
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