Sir,
What will be the implication of Tax Deducted at Source Overseas on Export of Services back in India. I mean, in simple words that can we get Refund of TDS of Overseas back in India in the event of Tax Liability of a Company NIL, if not so then how that sort of TDS will be treated in Accounts in India.
Dipen Sen
Accounts Officer
Private Company
Hi Depen,
In case of export of services, the entity to whom we are rendering the services, will pay the amount after deducting the TDS and later will be sending the TDS certificate which can be reduced from Indian Company tax liability. In case The company doesnt have any taxable income, the amount of TDS deducted will be received as refund.
No, The amount of TDS deducted outside India cannot be claimed as refund. It can be only be reduced from Indian Company tax liability.
Anuj0
-9810106211
How to get credit in income tax? How to get it reflect in 26AS?
RMA And Associates LLP
New Delhi
CA Inter
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
N N V Satish & Co.,
Hyderabad
CA Inter
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
