13 November 2014
Form 15CA and CB from is required only for the Services which are taxable ,for import of Material Form 15CA and Cb are not required , Please submit Tax Invoice stating 85% is paid on April 2014 and balance 15% will be paid now - We have RBI notification on this
13 November 2014
dear sir,as per rule 37 BB, the certificate in form 15 CA is to be furnished by the person paying any payment including salary, interest or any other sum chargeable to tax...... hence the rule is applicable to payment to be made after deducting withholding tax u/s 195 but the banker are asking for form 15CA and CB even in case of payments towards goods or even machinery . practically you have to fill the form , mentioning the nature of remittance and reason for non deduction of tax
14 November 2014
yes , form 15 CB is also reqired to be filled.but if u show the circular as suggested by other expert, bank may allow remittance without form 15 CA n CB
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 November 2014
Please provide circular reference.
17 November 2014
Please go to RBi website - Notifications - Foreign Exchange - serial no.9 notification - Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account) Rules, 2000 as amended from time to time.