Outward remittance

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nehaa

47 Points Joined May 2011

need to do outward remittance for $11000 without deducting tds ..what are the expense heads in which remittance can be done without tds deduction ???
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Rama chary Rachakonda

Master in Accounts & high court Advocate

9489 Points Joined December 2011

Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time of making such specified payment. But no TDS has to deducted if the person making the payment is an individual or HUF whose books are not required to be audited.