Have a Tax Question? Ask a Tax Expert
Where is your company located? Is that US company?
Does your company have distribution facilities or other business presence in any of these of 50+ countries?
The company is in India
We have presence - thro Agents and distributors in about 15/20 countries
To be clear we have secured order one from Singapore and one from sudan direct from end user - we have Agent company worked for procuring this order. Part order executed in both countries.
Now we have to send commission 10 & 15 % worth of the order value to these Agents.
Indian Tax rules say TDS is must it is about 10% per rules - but the Agent does not want this to be deducted. He claims that his company 's Income does not attract any Duty so far and the TDS Certificate issued by us will not be of any use. He wants the entire amount - how to go about on this further is there any way to protect the Agent - In today's economic condition getting order is very difficult and if the Agent is deprived of his quantum though may be legal - there will be frustration in working further - suggest way out
I had posted my question deposited money online there is no response till date/time I am unable to comprehend why this delay???? and what is the meaning in online solution - Please stop working on this and reverse my deposit immediately- I am not satisfied with your service
I was not able to address your question because it requires a specific knowledge of India tax regulations - and opted out in hope that other experts would contribute.
Unfortunately - by this time no one addressed your request.
Your money are on your account and you may use them as you wish.
I am sorry that we were not able to address your request at this time.
I suggest you to keep the question open for some time.
I beleive I will not be using your service in the enar future so you can refund the amount and oblige.
Thanks for yoru support and help.