TDS on income generated Outside India
This query is : Resolved
18 May 2024
We an Indian Company have awarded a contract to an Indian Resident company for a project outside India. We have deducted Tax at source from the bills of the Indian company as per the extant rules of the foreign country. However, we are making the net payment against the bill in INR to the Indian resident company from India to their Indian account.
Are we liable to deduct IT TDS again from such remittance as per the rules of Income Tax of India?
Are we liable to deduct IT TDS again from such remittance as per the rules of Income Tax of India?
19 May 2024
No need to deduct TDS again in India
21 May 2024
As the Income is received in India by the Indian company, it is falling under the definition of Income as per Income Tax Act and hence taxable in India. With this perspective should we deduct TDS u/s 194C at the time of payment.
21 May 2024
Yes, deduct TDS under section 194c.
Let the Indian company claim double taxation relief.
Let the Indian company claim double taxation relief.
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
