TDS on technical services by a foreign company
This query is : Resolved
17 July 2010
Dear all,
Our co. Is a indian domestic co. And we have to make remittance to a foreign co. For rendering tech. Services in india. Pls let me know that we should deduct TDS on payment basis or on acrual basis and under which sec. Of income tax act.
Urgent
Regards
Sandeep bhardwaj
Our co. Is a indian domestic co. And we have to make remittance to a foreign co. For rendering tech. Services in india. Pls let me know that we should deduct TDS on payment basis or on acrual basis and under which sec. Of income tax act.
Urgent
Regards
Sandeep bhardwaj
18 July 2010
Tax has to be deducted at the time of credit or payment whichever is earlier under section 195.
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