TDS on payment of commission in foreign currency
This query is : Resolved
14 June 2009
Whether TDS is necessary on commission paid on export sale to Foreigh Citizen? If yes what is the % and under which section.
CA. B.SRINIVASULU
(Expert)
14 June 2009
Step 1 : Find out to which country you are paying commission.
Step 2 : Check whether Double Taxation Avoidance Agreeement has been made with that country.
Step 3 : Deduct TDS as per that agreeement for commission.
Step 4 : If no DTAA agreeemnt is available then you have to deduct as per Section 195.
Step 2 : Check whether Double Taxation Avoidance Agreeement has been made with that country.
Step 3 : Deduct TDS as per that agreeement for commission.
Step 4 : If no DTAA agreeemnt is available then you have to deduct as per Section 195.
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