Tds on foreign payments
This query is : Resolved
SANJAY CHAUHAN
(Querist)
08 April 2014
Being a company , we are to make a payment for professional services to U.K.
UK company do not have PE in India.
Whether we are to make TDS on this payment or not ?
As per DTAA this is exempted from TDS after submission of TRC by UK company but even after submission of TRC whether we are to make TDS @10% as per 115(a). IF we are to make TDS then how we can deposit it because the UK company do not have PAN of India.
Regards,
Sanjay Chauhan
UK company do not have PE in India.
Whether we are to make TDS on this payment or not ?
As per DTAA this is exempted from TDS after submission of TRC by UK company but even after submission of TRC whether we are to make TDS @10% as per 115(a). IF we are to make TDS then how we can deposit it because the UK company do not have PAN of India.
Regards,
Sanjay Chauhan
Rupesh Jain
(Expert)
08 April 2014
you have to deduct tds @ 20% on professional exp.
u/s 195 you to deduct TDS on exp. paid to NRI
u/s 195 you to deduct TDS on exp. paid to NRI
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