subscription charges paid to foreign firm, whether TDS is
applicable or not? Because amount is huge

Answers were Sorted based on User's Feedback



subscription charges paid to foreign firm, whether TDS is applicable or not? Because amount is hug..

Answer / amol

Yes . Deductible u/s 195 of Income Tax Act,India ,1961.

Is This Answer Correct ?    8 Yes 0 No

subscription charges paid to foreign firm, whether TDS is applicable or not? Because amount is hug..

Answer / h.r. sreepada bhagi

Refer Section 195 of the Income Tax Act, 1961 (India). Bank
may require Chartered Accountants Certificate for remittance
& hence take from your Statutory Auditor or any Chartered
Accountant familiar with it.

Is This Answer Correct ?    2 Yes 6 No

Post New Answer

More Taxation Interview Questions

What is the Penalty/Interest charges if non-payment before due date for IT,TDS,ADVANCE TAX,VAT,ST,EXCISE DUTY,PT,ST.PF,ESI?very urgent.

2 Answers   ABB, ABC, Jakson,


what is excise return, what is form requirement and what is procedure for excise return?

0 Answers   ABC,


How to reconcilation of modvat

0 Answers   GCI,


I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.

1 Answers  


A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?

3 Answers  






why is service tax set off is consider while calculating wct tds

0 Answers  


in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?

1 Answers  


what is 'c' form and form 'H' and why these form used in a company. pl tell me

4 Answers  


Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167

0 Answers  


How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

0 Answers  


hi i want to know that what r all the component which r applicable for tax in salary,whether it is payable or reimbursement

1 Answers  


When i deduct TDS from my Sundry Creditor, i have to provide him TDS Certificate, after submitting the TDS Certificate to the party what Procedure i have to follow from my Company ?

1 Answers   TATA,


Categories