whether Section 195 of the Income Tax Act is applicable to payment made to foreign company for hardware material imported?
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TDS On Foreign remittance for material purchase
Replies (2)
Payment made towards purchase of materials from foreign country does not attract TDS.
Regards,
Devendra K
| Originally posted by : CA Hiren Satasiya | ||
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whether Section 195 of the Income Tax Act is applicable to payment made to foreign company for hardware material imported? |
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Normally the same is not applicable ,but make sure that you obtain NO PE Certificate from the foreign vendor(format attached). If the foreign vendor has a PE in India then yoiu need to deduct TDS.
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