Tds on shipping charges and commission paid for procuring orders abroad.
mohanmodur
(Querist) 16 May 2013
This query is : Open
A PERSON BUYS GOODS ABROAD AND THE SUPPLIER SHIPS THEM TO INDIA. THE SHIPPING CHARGES ARE REMITTED BROAD THROUGH BANKING CHANNELS- LIABILITY TO DEDUCT TAX ON SUCH PAYMENT IS THERE OR NOT. SOME OPINE IT IS NOT THERE.FURTHER ON ORDERS GOT FROM ABROAD, THE FOREIGN AGENT IS PAID COMMISSION IN DOLLARS. IS IT LIABLE FOR TAX DEDUCTION IN INDIA.