hi All,
For the payments outside India , we need to deduct TDS at the rate as applicable as per Income Tax Act , 1961 or as per DTAA whichever is beneficial for assesee.
i would request pls let me know clause with respect to any country wherein in DTAA it has been mentioned TDS has to be deducted . That is under which section/clause we ascertain the TDS deduction rate as applicable as per DTAA.
mere remittence does not mean applicability of TDS
if the remittence is in relation to any import of goods then no TDS
for balance type of remitteces share the purpose of remittence.
Hi.......
Not all payments made to non resident attracts TDS , only the income chargeable to tax in India are liable to TDS , Also refer to Sec. 195 of I.T. Act and rate of TDS to be taken is as per DTAA ,if the same is applicable ..........
find the attachment of rate of tds under DTAA
The answer shall depend on the classification of payments into Business Income, fee for Technical Services, Royalty, Interest ,Salary, Dividend or capital gains
The rate of TDS is given under various sections depending on the classification of income.
Anuj
0-9810106211
Dear Sir,
1. What is the Procedure for Subscripttion Fees (Nature of Foreign Remittance) Paid to USA Foreign Company.
2. TDS Deductable on $775 USD, If Deductable then Kindly provide Section & Rate.
3. After Uploading Form 15CA Part-1 What is the Next Procedure.
4. Form 15CB CA Certificate Required for above Procedure.
Sir, Kindly provide the procedure & details Very Urgently.
Thanks & Regards,
Lingesh K.
E-Mail ID - lingesh_786 @ yahoo.co.in
CAclubindia
