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.
Message likes :
2 times
14 March 2009
for that u need to explain them the income tax provisions of India.
Message likes :
1 times
14 March 2009
Thanks Devanshi for ur suggestion.
14 March 2009
Devanshi is correct.
Message likes :
1 times
16 March 2009
thanks guys.
28 May 2009
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
