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15cb and 15ca korea

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(Querist)
20 February 2016 I need help... Cosmetics purchased(import) from korea of 3600 USD for personal use It will be taxable under income tax act or under DTAA??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 February 2016 These Imports are not taxable under income tax Act/DTAA.
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Lalit

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Lalit (Querist)
20 February 2016 Thank You So Much Sir
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Lalit

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Lalit (Querist)
20 February 2016 Thank You So Much Sir
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
22 February 2016 Please refer Rule 37BB: http://www.incometaxindia.gov.in/pages/rules/income-tax-rules-1962.aspx

Payment towards imports - settlement of invoice or Advance payment against imports is not liable for withholding tax.

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