An Indian firm imports intermediate goods from China (a company in China) and processes them in India to produce finished goods. When payment is to be made for intermediate goods, is any TDS required to be deducted
narinder_6in (56 Points)
05 September 2008An Indian firm imports intermediate goods from China (a company in China) and processes them in India to produce finished goods. When payment is to be made for intermediate goods, is any TDS required to be deducted
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 05 September 2008
No TDS is not applicable
CAclubindia
