Dear All,
Please confirm the rate of tds applicable on commision paid to the foreign party by Indian Company.
Regards.
Dear All,
Please confirm the rate of tds applicable on commision paid to the foreign party by Indian Company.
Regards.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 08 June 2010
It will fall under section 195 and rate mentioned there will be applicable.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 08 June 2010
Originally posted by : pooja | ||
Thanks for the reply. Could u please confirm me the rate applicable for the commision u/sec 195, as word commision is not mentioned under this section, will it fall under the head other income? |
In Section 195 word mentioned is all other sums and thus it will include commission.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 08 June 2010
Rate of TDS will be 30% + surcharge +Education and higher education cess
nikhil jagtap
(Article)
(26 Points)
Replied 08 December 2010
TDS on commission is to attracted u/s 195.