We are an Exhibition Design based in Mumbai India (Pvt. Ltd. Company). We are planning to start our International business by offering Indian companies design & construction services for Exhibition stalls abroad. We are planning to open an EEFC account to be able to get our payment from our Indian clients in Foreign Exchange. Now i have 2 questions.
1. 1. When the Indian client transfers foreign exchange (say EURO) into our EEFC account in India, will it attract TDS. The invoice would be raised by us in India (in EURObut the job would be executed abroad by our vendors abroad (say in Germany)
2. 2. When we transfer foreign exchange (say EURO) to our vendors account (say in Poland or Hungary), for construction of Exhibition stand in Germany do we need to deduct TDS
CAclubindia
