TDS ON REMITTANCE U/S 195 OF THE INCOME TAX ACT

 we having a business of Insurance Brokers, for the remiitance to UK

we have going to appoint a consultant in UK. consultancy fees paid by monthly fix amt.

we want to know that the remittance, which will be paid after we confirm the appointment.

will have to deduct TDS on consulancy fees.?

reply soon please, it is urgent

Regard,

Shailesh Jariwala

 we having a business of Insurance Brokers, for the remiitance to UK

we have going to appoint a consultant in UK. consultancy fees paid by monthly fix amt.

we want to know that the remittance, which will be paid after we confirm the appointment.

will have to deduct TDS on consulancy fees.?

reply soon please, it is urgent

Regard,

Shailesh Jariwala

I am a clearing agent i need to know that my client will be importing two container of capital goods from china we as agent will be handling the freight forwarding from china to india in which case i have to remit the freight charges to my agents please advise if we have to pay TDS on the freight

TDS on payments to Non-residents in INdia is a vast subject by itself. It is not like Domestic payments to say whether TDS is applicable or not. You need to go through a detailed procedure and ensure TDS applicable which also needs to be certified by a CA before the remittance is effected. This is a pre-requisite for the authorised dealer to effect the remittance. So it is not possible for anyone to advice on TDS u/s 195 based on such emails

Hi,

Pls clarify the rate of TDS deducted for foreign remittance made for renewal of software licnce - AMC usage for one year.

Thanks

Dhanalakshmi