Tds on forign commission
This query is : Resolved
SAMIR DESAI
(Querist)
07 August 2012
Dear Sir,
me doing trading business of furniture,me buy furniture from china & he take commission on sale bill than when i paid commission to this china party than we liable to deducted tds on this amount or not
me doing trading business of furniture,me buy furniture from china & he take commission on sale bill than when i paid commission to this china party than we liable to deducted tds on this amount or not
CA Sumiit B Nagpal
(Expert)
07 August 2012
Are you paying the commission in foreign currency and sending the commission in China?
SAMIR DESAI
(Querist)
07 August 2012
yeas sir i already paid the commission
SAMIR DESAI
(Querist)
07 August 2012
in dollar currancy
CA Sumiit B Nagpal
(Expert)
07 August 2012
Yes TDS would be applicable and as per Section 195 you have to obtain form 15CB from Chartered Accountant and furnish e-form 15CA through NSDL site. If the China party has PAN, then the TDS would be deducted @ 10% otherwise 20%
SAMIR DESAI
(Querist)
07 August 2012
if the commission amount is less than 5000 than tds applicable or not,only abouve 5000/- billing tds applicable
CA Sumiit B Nagpal
(Expert)
07 August 2012
You have to obtain form 15CB for any amount of foreign currency you will be sending abroad from Chartered Accountant.He will see to it then whether TDS will deducted or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
