Please Help: TDS on NRI Payment
Posted Date : 08-Oct-2015 , 02:39:13 pm | Posted By Mukesh Gupta
My client have to pay sum to a party in Italy for booking of Shop in Exhibition, whether he has to deduct the tds or not, if yes then which rate
Category : Income Tax | Answers : 0 | Comments : 3 | Hits : 320
Answers
Comments
devraj sharma
10-Oct-2015 , 10:38:25 amno need to deduct tds as per section -195 because the payment not chargeable to tax India i think it is sufficient
anand agrawal
10-Oct-2015 , 03:01:07 pmTDS will be deducted @20% assuming the recipient will not have PAN no. in India.
Suraj Nayak Sujir
10-Oct-2015 , 03:29:12 pmI believe it is a payment of Rent and applicable TDS rate is 10%, however since the party is a non resident, if covered under PAN we can opt for this rate. Without Pan its 20.6%(cess also applicable foor non resident payouts)