tds on import purchase
This query is : Resolved
10 July 2009
Dear all
We Import material (Purchase Import) one Vendor from abroad 7 and above time any tds applicabe in his payment we doing tt in Advance?
We Import material (Purchase Import) one Vendor from abroad 7 and above time any tds applicabe in his payment we doing tt in Advance?
10 July 2009
Since you are importing material only if your seller is having any permananent establishment in India as per Section 195 of the Act TDS is applicable otherwise TDS is not applicable.
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