TDS on Foreign Payments
This query is : Resolved
26 April 2010
Sir
One of our client, being Individual (not having tax audit in preceeding year) has to remitt Rs.80,000 (equivalent to USD) to USA towards printing charges. Whether he has to make TDS on the same?.
The client is not having TAN as he is not liable to make TDS on domestic paymetns. Also the creditor (party of USA) is not having PAN.
In this connection whether Tax to be deducted on the above mentioned payment?. If yes, at what rate?
One of our client, being Individual (not having tax audit in preceeding year) has to remitt Rs.80,000 (equivalent to USD) to USA towards printing charges. Whether he has to make TDS on the same?.
The client is not having TAN as he is not liable to make TDS on domestic paymetns. Also the creditor (party of USA) is not having PAN.
In this connection whether Tax to be deducted on the above mentioned payment?. If yes, at what rate?
26 April 2010
IF THE INDIVIDUAL IS NOT LIABLE FOR TAX AUDIT HE NEED NOT DEDUCT TDS.
26 April 2010
Sir
Section 195 mentions "'Any Person' responsible for making payment to non-resident.....
Whether Individuals not laible for Tax Audit in preceeding year, will be covered under word 'Any Person' as per Section 195.
Section 195 mentions "'Any Person' responsible for making payment to non-resident.....
Whether Individuals not laible for Tax Audit in preceeding year, will be covered under word 'Any Person' as per Section 195.
26 April 2010
IN MY OPINION TDS IS NOT REQUIRED TO BE DEDCTED AS HE NEED NOT HAVE A TAN AND DEDUCT TDS. VIEWS OF OTHER EXPERTS SOLICITED.
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