Tds on purchase commission to foreign nationals/nris.
This query is : Resolved
30 January 2016
The assessee has to import raw material from foreign countries and pay purchase commission on procurement of rawmaterial to Foreign Nationals/NRIs. These persons may have other incomes in India also. Does he need to deduct Tax at source before paying such commission.? If yes at what rates?
30 January 2016
This commission is earned by non resident outside India not taxable in India, hence there is no need of any tax deduction.
11 February 2016
Thanks Sir. Should we take Tax residency certificate from the non resident person to whom Commission is paid ? Secondly does this payment requires Form 15CA/CB to be filed?
11 February 2016
Obtain tax residency certificate. Form 15CA/CB is required.
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