Tds on import service
This query is : Resolved
13 October 2012
Dear Sirs:
We have imported service and at the time of remittance we have deducted 10.3% TDS and remitted. foreign vendor do not have PAN. We get default for short remittance at NSDL website. If we asks foreign vendor for applying PAN, they says they have double taxation agreement with India and apply for PAN is not required.
Kindly advise your valuable reply to convince the foreign vendor to apply for PAN. We have already remitted TDS 10.3% under section 195. Kindly advise.
Can anybody reply to my query at the earliest.
Thanks in advance
G. Gangadharan
We have imported service and at the time of remittance we have deducted 10.3% TDS and remitted. foreign vendor do not have PAN. We get default for short remittance at NSDL website. If we asks foreign vendor for applying PAN, they says they have double taxation agreement with India and apply for PAN is not required.
Kindly advise your valuable reply to convince the foreign vendor to apply for PAN. We have already remitted TDS 10.3% under section 195. Kindly advise.
Can anybody reply to my query at the earliest.
Thanks in advance
G. Gangadharan
16 October 2012
Dear Sri G.dharan, In this case witholding tax is applicable & you are require to pay Tds @ 20% u/s 194J ,foreign remittance no PAN required,
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
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
