TDS on Foreign Remittance
This query is : Resolved
jayaraman subramanian
(Querist)
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
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
CA.ViVeK M ACA
(Expert)
21 November 2008
Please refer section 195
Ravikumar.G
(Expert)
21 November 2008
Sec.195 and Any DTAA with USA WHICH EVER IS BENEFICIAL TO THE ASSESSEE. SC IS 2.5%
21 November 2008
Also refer DTA with USA in 106 ITR (ST) 5,124 ITR(ST) 43, 178 ITR (ST)44 AND 187 ITR (ST)102.
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