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Tax deductions incase of purchases made from outside India

TDS / TCS 1460 views 2 replies

 

Members,

I would like to know whether TDS is applicable for Imports made from outside India, i.e.while making payment against the purchase made from outside India whether TDS is deductible. Is there any other deduction which need to be made by the Indian party before making payment to the other party outside India, if yes which ?  

looking for a promt reply

kind rgds

Meenendra

 

 

Replies (2)
As for my Knowledge NO TDS is deducted on PURCHASES ...and if any payment is made on ROYALTY or TECHNICAL FEES then Surcharge should be charged at 2.5% PLUS Applicable Rate of TDS.. and not at 10%... Regards Tousif...
Hello,

Please refer to ADT.

And the rates are not that much lower Refer Section 195.

Lower of the two will be applicable.

However, purchases are not subject to TDS.


Jayant Shaligram


CCI Pro

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