whether TDS need to be deducted on payment (US $ 26,000) made to foreigner (Hong Kong Co.) for manufacturing of Dies & Molds on behalf of Indian Co.
Condition :- Such Dies will never come back in India but goods manufactured with help of such DIES will brought & sold in India .
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Please reply asap...........
Replies (1)
Section 195 of the Income Tax Act, 1961 states that ANY PAYMENT made to NON-RESIDENT shall be subjected to TDS.
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