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Tds on foreign remittance

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 January 2014 Suppose a foreign party has raised a bill of Rs. 100 and the rate of TDS is 10%. HOw will TDS be computed? Will it be 10% of Rs. 100 or will it the Rs. 100/- be considered inclusive of TDS amount?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 January 2014 10% of Rs 100/- I.e. TDS will be Rs 10/-.
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