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tds deduction for u/s 195

TDS / TCS 1338 views 6 replies
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CA Practice
71 Points Posted on 20 February 2008

Whether for transfer from Indian account to Foreign Account which relate to remittance of funds which is not a Income requires deduction at source

 

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On 20 February 2008 at 11:40 Report
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DGM-F & A
1734 Points Posted on 20 February 2008
no
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On 20 February 2008 at 13:01
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CA
254 Points Posted on 20 February 2008
If it is merely a transfer of fund like HO sends money to branch then it will not liable fo TDS as no work is done. It is just like you are withdrawing money from ATM of yourself. Thanks VIjay
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On 20 February 2008 at 13:13
Guest
mere transfer of money from one a/c to another a/c is not liable for tds
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On 20 February 2008 at 13:41
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TAX CONSULTANT
369 Points Posted on 20 February 2008
No,
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On 20 February 2008 at 15:39
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Guest
460655 Points Posted on 20 February 2008
Thanks for the reply as all of them who gave clarification
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On 20 February 2008 at 16:23
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CA Final Student
102 Points Posted on 20 February 2008
no it does not attract TDS under Section 195 as no payment is been made to a NR and no services are been provided by him in India
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On 20 February 2008 at 17:56


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