Is TDS applicable on foreign payments?

TDS stands for Tax Deducted at Source. TDS is applicable on foreign payments or charges as per section 195 of the Income Tax Act. In this video we answer various questions related to TDS on Foreign Payments.
00:18 What is TDS?
00:46 Why is TDS important?
01:08 When does TDS apply?
01:24 How is TDS calculated?
01:46 Procedural compliance of TDS in foreign payments
01:57 Claiming refunds and tax credit for TDS on foreign payments
02:26 The responsibilities of payers and payees
Salt is a fintech startup based out of Bangalore, India. Salt is helping businesses with effortless international payments and compliances at the least possible time and costs.
To know more about Salt Fintech: www.salt.pe/
#tds #taxes #foreignpayments #internationalbusiness #internationalpayments #internationalmoneytransfer #transfer