Tds u/s 195
This query is : Resolved
18 December 2011
Is TDS deductible u/s 195 on payment made to a foreign government agency?
18 December 2011
Yes. No exemption of TDS to foreign government agency. Only Govt Department in India are exempted.
18 December 2011
The case needs to be seen in detail as no income accrues to FOREIGN GOVERNMENT. Whether in your case agency of said government falls within said definition,needs to be seen.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
Guest
Guest
(Expert)
19 December 2011
As per the provisions and Gazette notifications of the Income Tax Department pertaining to Section 195, TDS should be deducted from interest or any other income earned in India by a non-resident individual or Company, and deposited in the Government treasury (Form 27EQ).
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