TDS on Foreign Remittance

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jayaraman subramanian (Querist)
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21 November 2008 Dear All,

I am working in a LTD Co. We had received foreing services from a U.S.A Co. and we want to remitt them in USD. Can anyone tell me what is the rate of TDS to be deducted for Foreign Remittance.

Regds

Jayaraman

mohan rao

mohan rao (Expert)
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21 November 2008 Pls. Sec.195 and Any DTAA with USA WHICH EVER IS LOWER IS APPLICABLE

i HOPE THE Rate is 10%

jayaraman subramanian

jayaraman subramanian (Querist)
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21 November 2008 Is additional Surcharge applicable for foreign remittance

mohan rao

mohan rao (Expert)
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21 November 2008 obviously and better to deduct 10.5575%if the agreement is made after 04.06.2005 and pls. see on the invoice value weather mentioned Indian Taxes Extra

If that is the case The company will bare the TDS

Ravikumar.G

Ravikumar.G (Expert)
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21 November 2008 SC is 2.5%

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