TDS on foreign paymnet
This query is : Resolved
Kalyan Vishwakarma
(Querist)
19 July 2011
Hi,
We have made freight paymnet in $ to the the non resident company, is TDS apllicable, if yes under which section its specified
Rgds / Kv
We have made freight paymnet in $ to the the non resident company, is TDS apllicable, if yes under which section its specified
Rgds / Kv
Arihanth Jain
(Expert)
19 July 2011
Freight charges should form part of business income of the foreign company.
Such income shall be taxable in India if the foreign company has a permanent establishment (PE) in India. So tds is deductable only if PE exists.
Such income shall be taxable in India if the foreign company has a permanent establishment (PE) in India. So tds is deductable only if PE exists.
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