TaxTMI 
TaxTMI 
Implication of TDS
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....mplication of TDS<br> Query (Issue) Started By: - Manoj Aggarwal Dated:- 18-6-2007 Last Reply Date:- 31-7-2007 Income Tax<br>Got 3 Replies<br>Income Tax<br>As a service receiver ( for import of servic....
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....es 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 Reply....
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....: 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 i....
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....n 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 th....
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....e 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 ap....
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....plicable. 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 ....
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....V AND TDS SHOULD BE DEDUCTED ON 100 $ AND NOT ON 112.36 $<br> Discussion Forum - Knowledge Sharing ....