TDS on payment to Foreign Companies
This query is : Resolved
12 April 2010
Do a reseller need to deduct TDS on payment made to a foreign company towards the purchase of totally imported instruments on a payment of 50,000 dollars annually.
CA. B.SRINIVASULU
(Expert)
12 April 2010
If you are directly paying to the foreigner then only tds provisions will apply. you have to refer dtaa and section 195 and if it purely import of mateials then tds is not required and if service or licence fee is inovolved in it then tds is applicable as per section 195 or dtaa whichever is benefitial to the assessee.
12 April 2010
AGREE
CA Ashok Kumar Sahu
(Expert)
12 April 2010
agreed
CA. Anuj Gupta
(Expert)
10 March 2011
The answer is NO provided the foreign Company doesn't have a PE in India.
Anuj
9810106211
Anuj
9810106211
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