The terms of payment to Non Resident require payment of income net of tax.
The payee has borne the TDS by following the grossing up provisions of sec 195A of the income tax act.
Would the payee be able to claim the amount of TDS borne as deduction from business income.
Menu
TDS u/s 195A
Replies (2)
Dear Addhadphale,
You need to tell the nature of income payment to NRI . Income tax act provides specific provision for grossing up of TDS and claiming of its deduction by payeer. Like one is for Sec.6BBB(i forgot exect provision but its near by)
|
Originally posted by :krunal_lovei Hi can we issue TDS certificate for the tds deducted u/s 195.TDs was deducted in 2nd quarter and return has been already filed for the same. and can a UK co. claim deduction for TDS deducted u/s 195. |
||
| " | Dear Addhadphale, You need to tell the nature of income payment to NRI . Income tax act provides specific provision for grossing up of TDS and claiming of its deduction by payeer. Like one is for Sec.6BBB(i forgot exect provision but its near by) |
" |
Recent Topics :
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
Related Topics :
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
