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Tds /withholding tax on foreign consultants payment

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(Querist)
24 October 2013 Hi,

We are Hyderabad based Pvt Ltd company and we need to pay USD 2000 to our consultant who is outside india. May be we will send it thru Online banking facility. My query is, is there any TDS or withholding Tax to be deducted while making the payment. If so how much to be deducted. If the person may not be having PAN Number, so how much to be deducted ? Secondly, is there any service tax issue in this. Please clarify in details
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V K Bajaj

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V K Bajaj (Expert)
25 October 2013 @Mr Swami!

Please do all under guidance of your CA. The procedure involves Form 15CA and 15CB. Further recently the procedure has been changes. Certification from CA is required. On complying these formalities your bank will remit the amount in foreign currency.
However,you will have the option to gross up the amount of TDS so that you pay USD 2000.

Service Tax is not involved in your case.

contact@vkbajaj.co.in
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