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TMI BlogTDS on commission to a foreign companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert, We have an contract with a foreign company for getting orders with some companies in India. we have to pay the differnce amount of PO value and actual cost (as agreed by both of u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s) to the foreign company. kindly clarify whether TDS attract in this case and if yes, what is the percentage. Also the service tax implication in the transaction Thanks - Reply By Vivek Harsh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = Sec 195 [(1) Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest 2 [***] or any other sum chargeable under the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rovisions of this Act (not being income chargeable under the head "Salaries" 3 [***]) shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sh or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force : - TDS on commission to a foreign company - Query Started By: - S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hiva S Dated:- 25-2-2012 FEMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia - taxmanagement - taxmanagementindia.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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