Tds on non resident
This query is : Resolved
17 June 2015
I seek your valuable advice for below
Assessee A a firm in India sub contracts a project to B in Saudi Arabia. B is a company based in Saudi Arabia and work will be executed in Saudi Arabia. Whether TDS is applicable for this transaction. If TDS is applicable then at what rate?
Thanking you in advance for your valuable opinion.
Assessee A a firm in India sub contracts a project to B in Saudi Arabia. B is a company based in Saudi Arabia and work will be executed in Saudi Arabia. Whether TDS is applicable for this transaction. If TDS is applicable then at what rate?
Thanking you in advance for your valuable opinion.
17 June 2015
yes tds applicable u/s 195.................
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17 June 2015
B is a company based in Saudi Arabia and executes work in Saudi Arabia no TDS applicable.
B is a non resident company rendering service outside India income not taxable in India.
B is a non resident company rendering service outside India income not taxable in India.
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