Is TDS applicable????

TDS 714 views 2 replies

Hi all,

My query is .....

my client's business is Server hosting & domain Registrations. They receive & make payments through an US based gateway, functioning in US. The gateway in turn remits the net collections after withholding certain percentage for the service rendered by them.

My doubt is:

1. Under what head should this service/expense be treated as, rendered by the US co.,

2. Is TDS applicable for the same. If YES, under which head???

 

Thanking You....

Replies (2)

As per my opinion , the income which was generated outside India, there was no question of TDS n the service should come under the Business/Profession accordingly expenses paid for generating income shall be treated as expenditur n allowed as business expenditure.

Thanks for the info.........


CCI Pro

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