The SC judgement on vodafone tax case seems to have opened a pandora鈥檚 box with exporters too expressing reservation on TDS for payment with regard to overseas transactions.
Exporters body FIEO questioned the applicability of sec. 195 of the Income tax Act, under which they are asked to pay TDS on payments made for foreign agency commissions, royalties and offshore professional services.
President of FIEO said that in vodafone case the applicability of sec. 195 would require to be reconside
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