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Sec 195- non resident ??

TDS / TCS 502 views 3 replies

U/s 195(1)     

Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being interest on securities) or any other sum chargeable under the provisions of this Act (not being income chargeable under the head "Salaries" shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force :

That means Indian comapany Need not deduct TDS on Forgien services ???????

 

 

 

Replies (3)

Dear friend you are readind it wrong.

ny person responsible for paying to a non-resident, not being a company, or to a foreign compan

Read more at: /forum/sec-195-non-resident--231928.asp#.UNG0X2dJcVV
ny person responsible for paying to a non-resident, not being a company, or to a foreign compan

Read more at: /forum/sec-195-non-resident--231928.asp#.UNG0X2dJcVV

Any person responsible for paying to a non-resident, not being a company, or to a foreign company,...

Not being Company is used for refering non-resident other than (Foreign) companies.

 

Originally posted by : Ashish

Dear friend you are readind it wrong.

ny person responsible for paying to a non-resident, not being a company, or to a foreign compan

Read more at: /forum/sec-195-non-resident--231928.asp#.UNG0X2dJcVV

ny person responsible for paying to a non-resident, not being a company, or to a foreign compan

Read more at: /forum/sec-195-non-resident--231928.asp#.UNG0X2dJcVV


Any person responsible for paying to a non-resident, not being a company, or to a foreign company,...

Not being Company is used for refering non-resident other than (Foreign) companies.

 

That means we cannot Deduct TDS on payment to foreign companies.....!!

Right ??

read the part of " or " it includes Foreign co.

 

Lets make it simple: Any person responsible for paying to non-resident other than company (read it as:  other than company) or foreign company.... it includes all non residents.

ing a company, or to a foreign company,...

Read more at: /forum/sec-195-non-resident--231928.asp#.UNG4PGdJcVU


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