Tds on import of raw material


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 September 2016 Can payment made to Non Resident , having business connection in India towards purchase of Raw Material liable for TDS? Also If payment made to non resident directly principle to principle basis without any concern with indian business connection for import of Raw Material? Please provide justification with income tax act and rules thereof.

Thanks

15 September 2016 No TDS applicable on import of raw material.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 September 2016 Sir Thanks
It means TDS not applicable on import of raw material even if Foreign company or Non resident having business connection in india

15 September 2016 Yes, even then no TDS applicable.

15 September 2016 thank you sir


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details