9911796707
TMI BlogCommission recieptX X X X Extracts X X X X X X X X Extracts X X X X ..... Commission reciept X X X X Extracts X X X X X X X X Extracts X X X X ..... say 2 to 5% of invoice value) For this any TDS, service tax , and income tax applicable. From the commission received in above case ,I have to pay back 50 % to a Foreign agent who is partner in this particular business. Whether I have to deduct tds, service charges/income tax Please help me in giving correct advice. thanks and regards Gopal Shetty Reply By Pradeep Khatri: The Reply: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Gopal, For query number 1 please check POPS Rules of Service Tax Laws in this regard. For query number 2 service tax would not applicable but check the provisions of FEMA before remitting the money out of India. Regards, YAGAY and SUN (Consultants - Business, Management and Indirect Taxation) Reply By Gopal Shetty: The Reply: Dear Sir, In the above question , my main point , whether ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I can receive commission in India from foreign countries for the consultancy done in foreign countries . Is there any FEMA restrictions. Kindly help in giving advice in this matter. Regards Gopal Shetty Reply By Baranidharan S: The Reply: It is covered under FEMA current Account Transactions, there is no restrictions under FEMA for the payment. with respect to the deduction of TDS, contract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... between you and your partner has to be checked. if it is on sharing basis and you are receiving the full amount and giving his share then it is a diversion of income and No TDS is applicable. X X X X Extracts X X X X X X X X Extracts X X X X
|
