In our company we make many foreign remittances for meeting foreign warehouse charges for our goods being exported. The same is done to foreign companies.
I want to know whether witholding tax(TDS) is deductible on such remittances. If so under what section and at what rate.
Presently we are not deducting any tax on such remittances as the services are rendered outside India and the receiptent is non-resident.
Is the logic correct
The vendor does not have any Service Tax component for services rendered in its bill. Is that ok
Kindly give your feedback
CAclubindia
