According to Sec.195 all payments made to any non-resident (Except Salary) is chargable to Tax.
My Question - Payment for purchase of Goods (Tangiable). Is it liable or not. If not please give proper explanation.
Thank you for your time.
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Applicability of TDS u/s.195
Replies (3)
| Originally posted by : Vishal Bagmar | ||
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Section 195 of the Income-tax Act, 1961 mandates deduction of income tax from payments made or credit given to non-residents at the rates in force. The Reserve Bank of |
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EXCEPT PERSONAL REMITTANCE U/S 195 TDS IS APPLICABLE
Suresh & Pradeep Ji:
So if the A.O does not consider it as a purchase payment and considers it as a nature of personel remittance then i am liable to deduct tax at source u/s. 195. Am i right
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