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TMI BlogImplication of TDSX X X X Extracts X X X X X X X X Extracts X X X X ..... As a service receiver ( for import of services in India) we have to pay service tax on $ 100 to be paid to a management consultant in UK. Whether TDS ( under Income Tax)is to be deducted on $100 or at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... $112.36 ?? - Reply By Ramanujam V - The Reply = As per Sec.66A of Finance Act and Sec.2(1)(d)(iv)r.w. Import of service, rules , the person receiving the service in India would be liable to pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y service tax when a service of the nature explained in the query is received. As per IT provisions, the TDS is attracted u/s 195 on any payment made (or credited) to a Non-resident/foreign company. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In this case, the liability to pay tax would fall on the service receiver and hence it cannot said to be the payment made to the non-resident/foreign company. Hence, No TDS, if any applicable is dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctible only on $ 100 and not on service tax component applicable. - Reply By Surender Gupta - The Reply = I fully agree with the opinion of Mr. Ramanujam V and TDS should be deducted only on $ 100. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By NEESHA - The Reply = I ALSO AGGREED WITH MR RAMANUJAM V AND TDS SHOULD BE DEDUCTED ON 100 $ AND NOT ON 112.36 $ - Implication of TDS - Query Started By: - Manoj Aggarwal Dated:- 18-6-2007 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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