Withholding of Tax u/s 195
This query is : Resolved
05 July 2023
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13 July 2023
Dear Sir,
We are going to export some goods to foreign customer. We have an agreement according to which we will provide some incentives to such customer if he fulfills the criteria relating to quantity sale in his country. We want to know whether there is need to deduct TDS u/s 195 at the time of payment of such incentives ? Whether such incentives would be considered as income deemed to accrue or arise in India in the hand of foreign customer ?
We are going to export some goods to foreign customer. We have an agreement according to which we will provide some incentives to such customer if he fulfills the criteria relating to quantity sale in his country. We want to know whether there is need to deduct TDS u/s 195 at the time of payment of such incentives ? Whether such incentives would be considered as income deemed to accrue or arise in India in the hand of foreign customer ?
13 July 2023
No, such incentives paid to non resident does not deemed to accrue or arise in India in the hands of foreign customer.
TDS deduction under section 195 not applicable for such payment to non resident.
TDS deduction under section 195 not applicable for such payment to non resident.
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