Hi
We have to remit a sum of USD 2000/- to a Foreign Company for Purchase of some database on our Industry.
1.Whether TDS is application on this?
2.If yes, under which section & at what rate?
Thanks in advance for the advise.
Ashish
Menu
TDS u/s 195 for remittance of "Other Sums"
Replies (2)
Hi... I dont think so there will be any TDS to be deducted.... As its a normal purchase and not any interest or such amount.....
Dear Ashish,
I am not sure but your contract seems like the one for "PURCHASE" & not that of "SERVICE"......
TDS is not applicable in case of Purchases..
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
