TDS on foreign remittance of preliminary expenses
This query is : Resolved
Quick Summary
S Betrayasamy Co
(Querist)
09 November 2020
Whether TDS on foreign remittance of preliminary expenses is applicable to a remittance made from an Indian Director to a foreign NRI company for the purpose of incorporation expenses only.
CA R SEETHARAMAN
(Expert)
09 November 2020
No TDS applicable as the expenses are not taxable in India.
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S Betrayasamy Co
(Querist)
10 November 2020
Whether TDS has to be deducted if remittance was done by an indian company?
CA R SEETHARAMAN
(Expert)
10 November 2020
No TDS applicable in such a case.
Message likes :
1 times
S Betrayasamy Co
(Querist)
10 November 2020
Thank you for the valuable reply sir.
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