Form 15cb
This query is : Resolved
Dolly Jain
(Querist)
22 May 2014
Hello Sir/Madam,
There is an Indian Company paying 50000 USD to a Resort at Bali Island in Indonesia, the amount is against the booking deposit for a Conference to be held there.Please let me know that whether TDS on this transaction will be applicale or not? If yes or no please specify the reason.
There is an Indian Company paying 50000 USD to a Resort at Bali Island in Indonesia, the amount is against the booking deposit for a Conference to be held there.Please let me know that whether TDS on this transaction will be applicale or not? If yes or no please specify the reason.
Yogesh Shukla
(Expert)
22 May 2014
If the company has already paid the taxes on this Income. Then TDS will not be deducted.
Can you tell me the Nature of Remittance?
Can you tell me the Nature of Remittance?
Rupesh Jain
(Expert)
23 May 2014
you have to deduct the tds u/s 195 @ 10% if resort have indian PAN otherwise @ 20% TDs will be deducted by you.
as per section 195 tds rate is 10% but in another section tds will be deducted @ 20% if payee have no pan.
as per section 195 tds rate is 10% but in another section tds will be deducted @ 20% if payee have no pan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Additional trade name
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
