Tds on nr payments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2011
Dear sir,
An indian partnership firm has paid to NR - foreign company
1) Reimbursement of 90 Euro for travelling expenses : Air fare from Delhi to Mumbai
2) Charges for Visiting the factory for a day 550 Euro
What is the status for tds
Whether TDS is applicable to i and ii
What will be the rate of deduction? 30% or 40%?????
Whether surcharge, Education cess and Higher education cess is applicable in addition to the above rate
An indian partnership firm has paid to NR - foreign company
1) Reimbursement of 90 Euro for travelling expenses : Air fare from Delhi to Mumbai
2) Charges for Visiting the factory for a day 550 Euro
What is the status for tds
Whether TDS is applicable to i and ii
What will be the rate of deduction? 30% or 40%?????
Whether surcharge, Education cess and Higher education cess is applicable in addition to the above rate
01 September 2011
Rate of TDS will be as per the Income tax act and deduction of tds is compulsory.
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