My client has paid commission to foreign agent of Rs. 1 Cr. Is TDS Deductible on it? kindly explain in detail.
My client has paid commission to foreign agent of Rs. 1 Cr. Is TDS Deductible on it? kindly explain in detail.
At what rate? and under which section?
thankyou
Commission paid to outside india, if the agent work in his country and provide services to the coustomer of his country as well as outside his country then the commission paid is not subject to TDS coz the place is outside india and money received outside india.
thank you
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
