9911796707
TMI BlogImplication of TDSX X X X Extracts X X X X X X X X Extracts X X X X ..... Implication of TDS X X X X Extracts X X X X X X X X Extracts X X X X ..... ces in India) we have to pay service tax on $ 100 to be paid to a management consultant in UK. Whether TDS ( under Income Tax)is to be deducted on $100 or at $112.36 ?? Reply By Ramanujam V: The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: As per Sec.66A of Finance Act and Sec.2(1)(d)(iv)r.w. Import of service, rules, the person receiving the service in India would be liable to pay service tax when a service of the nature explained ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the query is received. As per IT provisions, the TDS is attracted u/s 195 on any payment made (or credited) to a Non-resident/foreign company. In this case, the liability to pay tax would fall on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he service receiver and hence it cannot said to be the payment made to the non-resident/foreign company. Hence, No TDS, if any applicable is deductible only on $ 100 and not on service tax component a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicable. Reply By Surender Gupta: The Reply: I fully agree with the opinion of Mr. Ramanujam V and TDS should be deducted only on $ 100. Reply By NEESHA: The Reply: I ALSO AGGREED WITH MR RAMANUJAM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... V AND TDS SHOULD BE DEDUCTED ON 100 $ AND NOT ON 112.36 $ X X X X Extracts X X X X X X X X Extracts X X X X
|
