Kindly clarify the below one: The text of Rule 37B
If the sum chargeable to tax (including interest and salary) is remitted to NR or foreign company which does not exceed Rs. 50,000 per transaction and the aggregate of such payment during the financial year does not exceed Rs. 2,50,000 then form 15CB is not required to be furnished, but need to furnish Form 15CA
Can it be said that if its reimbursement,no form 15CB is required
07 October 2013
But the heading of that rule 37BB gives an impression that even the reimbursement requires 15CB.The text is "Furnishing of information by the person responsible for making any payment including any interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a foreign company".
As it says any payment it means even reimbursement.Kindly clarify
CAclubindia
