Tds on purchase of foreign currency in india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2014
Dear Sir/Madam,
Ours is a Pvt Ltd company we have purchased Foreign currency for our director foreign travelling expenditure for the business purpose through authorised dealer,
whether the company liable to deduct TDS on payment to authorised dealer ,if it is applicable under which sec.we need to deduct,
Thanks in Advance,
Srinivas
Ours is a Pvt Ltd company we have purchased Foreign currency for our director foreign travelling expenditure for the business purpose through authorised dealer,
whether the company liable to deduct TDS on payment to authorised dealer ,if it is applicable under which sec.we need to deduct,
Thanks in Advance,
Srinivas
Rupesh Jain
(Expert)
09 April 2014
no tds applicable on purchase of foreign currency but you have to deduct tds on commission charge by agent/ agency
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