TDS on Foreign Remittance
This query is : Open
11 February 2010
Dear Sir,
my question is,
1) Is TDS or Service Tax liable for any foreign commission paid to foreign co. (FC)...??? if yes, how much TDS to be deducted & how much service tax payable..???
2) Service tax paid on foreign remittance to FC, can we claim back or no...??
my question is,
1) Is TDS or Service Tax liable for any foreign commission paid to foreign co. (FC)...??? if yes, how much TDS to be deducted & how much service tax payable..???
2) Service tax paid on foreign remittance to FC, can we claim back or no...??
11 February 2010
1 if TDS is paid to foreign co directly to outside India then no TDS u/s 195. Service Tax will also be applicable on 10.3%.
2 yes you can take credit
2 yes you can take credit
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