Question ID :
29605
TDS ON Foreign Remmitance
My Client want to remit $24000 to Uzbekistan for getting permission from State Govt of Uzbekistan for sale of his product for 5 years. What will be purpose code for above transaction? will TDS be deductable, if yes, at which rate?
Posted by
SAMPAT SINGH
on
Apr 27, 2018
Filed Under
DIRECT TAXES
Let me know still you want to know.
Posted by
CA PRADEEP C B on
Jun 08, 2018
Answer ID :
68774
S1019 appears to be the most suitable purpose code ( please check). TDS is not attracted as there is absolutely no Indian connection with the payment.
siva208@yahoo
Posted by
SIVADAS CHETTOOR on
Jun 13, 2018