TDS On Remittance ?
This query is : Resolved
14 March 2009
Hi all
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.
Thanks in advance
Mukesh Kumar
Accountant
Delhi
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.
Thanks in advance
Mukesh Kumar
Accountant
Delhi
14 March 2009
you will deduct tds on payment to contract outside India otherwise it is net of tax you will grossing the amount & pay the tax to the govt
14 March 2009
Is there no law for not deducting tax as i think that no one knows the TDS in foreign.
They say to remittee full amount
They say to remittee full amount
14 March 2009
person responsible to a non-corporate non-resident assessee or to a company other than a domestic company, of any interest or any other sum (not being salary) is required to deduct TDS.
income of recipient taxable in india is subject to tax deduction, not the entire payment.
plz refer section 195 for more details.
person responsible to a non-corporate non-resident assessee or to a company other than a domestic company, of any interest or any other sum (not being salary) is required to deduct TDS.
income of recipient taxable in india is subject to tax deduction, not the entire payment.
plz refer section 195 for more details.
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14 March 2009
for that u need to explain them the income tax provisions of India.
Message likes :
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14 March 2009
Thanks Devanshi for ur suggestion.
14 March 2009
Devanshi is correct.
Message likes :
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16 March 2009
thanks guys.
28 May 2009
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