Withholding tax on payment to shutterstock
This query is : Resolved
Jatin Shukla
(Querist)
28 May 2013
Dear Sir/Madam,
One of my client is buying an images from Shutterstock Inc.for its Online Business Activities. Here one of the Director is making payment to Shutterstock thru his Cr.Card and subsequently Company reimburse it to him in INR.
Here my query is whether Withholding Tax will be applicable to such type of Transaction and if yes then what will be the Rate of TDS.
Is Grossing Up of Tax reqd.(say if they are paying Shutterstock USD 100 then will have to consider it Net of TDS and pay TDS by Grossing Up the payment)
One of my client is buying an images from Shutterstock Inc.for its Online Business Activities. Here one of the Director is making payment to Shutterstock thru his Cr.Card and subsequently Company reimburse it to him in INR.
Here my query is whether Withholding Tax will be applicable to such type of Transaction and if yes then what will be the Rate of TDS.
Is Grossing Up of Tax reqd.(say if they are paying Shutterstock USD 100 then will have to consider it Net of TDS and pay TDS by Grossing Up the payment)
CA. Anuj Gupta
(Expert)
29 May 2013
More details are required before commenting
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
