Tds on commission for foreign company

TDS 1014 views 6 replies
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Accountant
38 Points Joined July 2014

Dear Sir,

Please clarify me about tax deduction rate on commission paid to foreign company

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On 07 February 2015 at 17:14 Report
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Student CA Final
85 Points Joined May 2014

Yes.as per 195 you are required to deduct tds.

As per rates specified in relevent section

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On 07 February 2015 at 17:37
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C.E.O
356 Points Joined November 2007

Rate for payment of commission not separately specified u/s 195, so tax has to be deducted @ 30%

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On 07 February 2015 at 20:20
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Accountant
38 Points Joined July 2014

thanks For Reply,

Sir,

my second quary is that a australian company take benifits of this tax Yes/No and How?

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On 08 February 2015 at 10:43
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Compliance Advisor
794 Points Joined August 2013
Dear Sir That foreign can enjoy the benefit of DTAA. India has signed a bileteral Agreement with Australia and that company can take the benefit of DTAA according to their respective law. For taking this benefit he will have to obtain a TRC from Indian Tax Authority
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On 08 February 2015 at 19:09
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Manager - Finance and Accounts
21 Points Joined May 2015

Hi,

We suppose to pay a Sales commission to a Company situated at SRILANKA. Can you please let us know whether TDS is applicable and if applicable at what %.

Regards

Nagaraj 

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On 06 August 2015 at 15:05
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Accounts Manager - Taxation
1771 Points Joined April 2009

I think, if foreign company render service from outside India, then no need to deduct TDS. Pl recti if im wrong

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On 06 August 2015 at 18:23


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