TDS ON FOREIGN PAYMENY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2010
EARLIER IF WE PAY TO ANY PAYMENT OUT OF INDIA THERE IS NO LIBILITY OF TDS IF NO EXISTANCE OF PAYEE IN INDIA BUT NOW HEAVY TDS APPLICABLE OF ALL TYPE OF PAYMENT I.E. PAYMENT FOR EXHIBITION OUT OF INDIA, COMMISSION, JOB WORK PAYMENT FOR ANY RECTIFICATION AT OUT OF INDIA. PLEASE SUGGEST HOW WE CAN GET RELAXATION BECAUSE NO ONE PARTY OUT OF INDIA ACCEPT TDS AND ULTIMATELY THIS LIABILITY ADD TO OUR EXPENSES.
POOJA SACHDEVA
(Expert)
19 August 2010
Dear Author
You have to furnished Form 15b to bank from a chartered accountant if that remittance come under Article 7 so no tds will be deducted on that payment
Regards
Pooja
You have to furnished Form 15b to bank from a chartered accountant if that remittance come under Article 7 so no tds will be deducted on that payment
Regards
Pooja
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