TDS on Foreign Remittance

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Kadecha (Querist)
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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...??

CA Prashant Gupta

CA Prashant Gupta (Expert)
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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

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