The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

TDS applicable to foreign consultnat who renders service for indian company but form outside india?


TDS - applicable to foreign consutant company / individual / firm who gives theri professiaonl service for indian company and indian company makes the payment to them.

Hi,
The Tax liability in such case is on the receiver of the service. The receiver have to deduct the service tax from the payment made to such foreigner and deposit it to govt account.
Bye

Tags
  United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business
Related information
  • One month back I was applied fresh new PAN card. That application Number is 031361749 and Coupon Number is 022

    Your PAN application number contains 9 digits. That means you have applied with UTIISL either directly or through some agent. Your coupon number 022 is not full. I have checked up your details in...

  • Please define me diffrence between proprietorship & pvt. ltd.?

    proprietorship An unincorporated business that is owned and operated by only one person who has complete liability for all assets, and complete rights to all profits. Pvt. Ltd. company: On th...

  • Advance tax payment dates?

    For companies (4 equal instalments) 15th June, 15th Sep, 15th Dec, 15th March. For Individuals/HUFs:(3 instalments) When the estimated income tax to be paid is more than Rs.5000 then advanc...

  • If my basic salary is more that 6500 than how we calculate provident fund?

    PF is 12% of your basic salary. If you want you can go for VPF wich can go upto 11% of ur basic salary. For PF ,ur Company will put some amount but not for VPF. For all u ll get interst.

    ...
  • Is there any need to file return if gift amount less than Rs.2,00,000?

    Gift amount 2 lakhs or 2 crores is not the question. This is not asked in the Shedule AIR of the ITR return form. What to show in Shedule AIR (Annual information report) is given below: Gift inform...

  • Income Tax Assessment Order?

    Hi, Assessment orders are not for everyone. This is a document which comes in effect after the Assessing officer puts some enquiry upon you. i.e, The order is passed when the AO have made some enq...

  • How do I get my Pan Card?

    You mean how to apply and obtain a PAN card ?. If so, PAN cards will be issued by two institutions only namely NSDL, UTIISL. They are authorized by Income tax Department for issue of PAN cards....

  • How can we calculate stamp duty tax ,turnover Tax and security transaction tax per share script ?

    Check the following links for your help ...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster