Tds on Foreign Payment made by Credit Card

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Vishwa Bhushan (Querist)
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28 March 2009 Dear Sir,

I would like to know, if we are making payment to foreign company through credit card, then Is it our liability to deduct Tds on such payment under section 195. If Invoices are generated by foreign company on Company Director Name Individually not on company name.

Rashmi

Rashmi (Expert)
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28 March 2009 If Your company is going to take that as an expenses in its books then of course yes..

It again depends what kind of payment that is You need to reveisit the DTAA rates and rules for the exact rate of TDS. But that's for sure that you have to deduct irrespective of directly paid or indrectly paid.

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