My client has paid commission to foreign agent of Rs. 1 Cr. Is TDS Deductible on it? kindly explain in detail.
Menu
Commission to foreign agent
Replies (6)
Yes it is mandatory. No exemptions available.
At what rate? and under which section?
As per sec 195 of Income Tax act any person responsible for paying any payment to a foreigner or foreigner company should deduct TDS at the time of payment or credit whichever is earlier weather payment made either cash or account payee Cheque or any other mode.
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
Recent Threads
- Missed Deadline of Form 10AB. What Should be next
- Rural land near mining zone
- Partners rental income
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
Related Threads
CAclubindia
