15ca and 15cb

This query is : Resolved 

25 February 2015 Dear Sir

I have a client named ABC & Co. who makes payment to foreign company for purchase of some material. whether he needs to obtain 15CB certificate from CA.


25 February 2015 http://taxguru.in/income-tax/requirement-form-15ca-form-15cb-remittance-taxable.html

http://www.charteredclub.com/form-15ca/

25 February 2015 Dear Tushar

Please let me know whether the payment made to foreign company is taxable or not

Language of Rule 37BB are confusing

Thanks


25 February 2015 there is no tax applicable under income tax on purchases.

25 February 2015 Dear Tushar

So you mean to say that if any import purchases are made from foreign company then no requirement of 15CB from CA

25 February 2015 no i meant no income tax is applicable.

kindly refer the above links posted in 1st reply for requirement of form 15 CB.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries