Please Help: TDS on NRI Payment
Posted Date : 08-Oct-2015 , 02:39:13 pm | Posted By: Mukesh Gupta
Category :
Income Tax | Answers :
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Comments :
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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 |
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| Posted By : Suraj Nayak Sujir |
10-Oct-2015, 03:29:12 |
| I 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) |
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| Posted By : Anand Agrawal |
10-Oct-2015, 03:01:07 |
| TDS will be deducted @20% assuming the recipient will not have PAN no. in India. |
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| Posted By : Devraj Sharma |
10-Oct-2015, 10:38:25 |
| no need to deduct tds as per section -195 because the payment not chargeable to tax India i think it is sufficient |
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