15 ca cb

This query is : Resolved

Samma Narang (Querist)
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07 April 2014 Hi,

I have a LLP who doesn't has applied for PAN now but hasn't received it as yet. It has to purchase a Software product from US of around Rs. 60,000/-. I wanted to know if the partner can get the invoice made in his name and can he make the payment from his personal account? Will there be a requirement of filing 15 ca cb here as it is at individual name? Also, if he gets 2 invoices generated of Rs. 30,000/- each, it is below the 50,000/- limit, so does this mean he doesnt need to file the same?

MEHUL SHAH

MEHUL SHAH (Expert)
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11 April 2014 Even if you make payment from personal account, still you are liable to deduct TDS and file 15CA and 15CB. However, you can take advantage of beneficial rate in DTAA.

Regards,
CA Mehul Shah
mehul@raseshca.com