TDS u/s 195

dear friends

one of my agent in Iran has invoiced me for commission for helping me on getting/executing an export order to iran

my question is

1.whether TDS is to be deducted ?

2. if yes to 1, then @ what rate

3. if yes to 1, and if PAN of the agent is not available, what is the solution

Pl comment

thanx

milind

Replies (1)

Originally posted by : MILIND GUMASTE

 

HI you have to deduct TDS for this transaction. I think the TDS rate for iran is 15%. Also a Certificate would be required for foreign payment would be required from your CA.



3. if yes to 1, and if PAN of the agent is not available, what is the solution

Pl comment

thanx

milind

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