Sir,
I am working in manufacturing company, We have received services(professional services & maintance services) from other countries,
Is TDS applicable for foreign services ? , If yes what % we need to deduct and which num(PAN) we need to submit at the time of returns,
Pleaes guide me.
In case of payments made to Non-Residents, you will ahve to deduct TDS u/s 195. If professional services are received then you will ahve to deduct TDS @ 10%. If the deductee does not have a PAN then you will have to deduct TDS @ 20%. While paying the TDS you will have to quote your TAN in the TDS Challan. And while filing the E-TDS Return you will have to quote the PAN of the deductee.
Regards,
Devendra K
I think if there is DTAA (Double Taxation Avoidance agreement) with the contry in which the creditor resides then the rate will be as per DTAA.
Well explained by Mr. Devendra
You have check the Indian has DTAA with the concern country, in case you have to dedcut WHT on payment of professional & technical service rendered to the country.
CAclubindia
