Hi,
Please advice about the rate of TDS to be deducted in respect of commission payable to non - resident of Singapore for the financial year 2011-12 and incidental professional obligations to that.
Awaiting your early reply friends
Hi,
Please advice about the rate of TDS to be deducted in respect of commission payable to non - resident of Singapore for the financial year 2011-12 and incidental professional obligations to that.
Awaiting your early reply friends
No TDS is not applicable on such commission.
Refer Circular no. 783 dated 19.09.1995.
Income of non resident commission agent would not fall under the purview of Income Tax Laws. Their income is taxable in their country. So no TDS for non resident commision payable.
- paymnet should be made directly to agent
- he should not have any place of business in india
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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B.Com
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