should I deduct TDs on foreign payment even if they have charged me 6% service tax
for eg: taxable amount $4500
service tax @ 6%
total amount payable=$4770
should I liable to deduct TDs and if yes so on which amount I should deduct TDs ???
Menu
tds on foreign payment
Replies (2)
Hi, There is no separate circular or communication from IT Dept exempting foreign taxes from the purview of TDS. In this case TDS has to be deducted on the whole amount..
you have to deduct tax on $4770
Recent Topics :
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
Related Topics :
CAclubindia
