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foreign remittance


TDS ON FOREIGN REMITTANCE

IS ANY KIND OF TAX APPLICABLE (WHILE RECEIVING FUNDS OR WHILE REMITTING) IN CASE OF ONE SECURES A CONSULTANCY CONTRACT FOR SHIP REPAIRS FROM ONE FOREIGN COMPANY FOR WORK TO BE DONE/SUB-CONTRACTED IN ANOTHER FOREIGN COMPANY. THE PAYMENT WOULD BE RECEIVED FROM SAY SINGAPORE IN TO INDIA AND MUCH OF IT WILL HAVE TO BE FORWARDED TO CONTRACTORS/CONSULTANTS IN UAE WHERE THE ACTUAL WORK WILL BE DONE. NONE OF THE FOREIGN COMPANY'S HAVE ANY BRANCH/REPRESENTATION IN INDIA. 1. WILL GST BE APPLICABLE..

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