TDS on foreign Remittances
This query is : Resolved
santosh dimble
(Querist)
23 October 2016
We (pvt.ltd co.) received invoice of 12000 euro from foreign party against relocation services ( from France to India) which has been used for GM of company.
so my queory is TDS is to be deducted?if yes then normal or gross up? pl give calculation..
thanks,
Santosh
26 October 2016
This is Business Income of the Relocation Service Provider.
You can request them to provide you with a Tax residency Certificate and a declaration stating that they do not have a Permanent Establishment in India and the income so payable to them is not linked to any Permanent Establishment that they may have in India.
In View of these two documents you may avoid TDS
You can request them to provide you with a Tax residency Certificate and a declaration stating that they do not have a Permanent Establishment in India and the income so payable to them is not linked to any Permanent Establishment that they may have in India.
In View of these two documents you may avoid TDS
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