Form 15cb required?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2011
Whether loan given to a ‘foreign company’ or a ‘foreign subsidiary company’ from India through wire transfer requires CA certificate in form 15CB?
If yes then what nature of service should the Indian Co. select in online form 15CA filing?
If yes then what nature of service should the Indian Co. select in online form 15CA filing?
27 July 2011
IN YOUR CASE FORM 15CB IS NOT REQUIRED
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2011
Thanx for your advice sir.
But ref to rule 37BB vide Notification No. 30/2009, Form 15CA is to be submitted electronically by any person responsible for making payment to any non-resident after obtaining a certificate from an accountant as per Explanation in section 288 of the Income tax Act.1961 i.e., Form 15CB
Hence I understand that certificate is required for any payment made to a NR. Request you please explain why loans given should not be considered for above?
But ref to rule 37BB vide Notification No. 30/2009, Form 15CA is to be submitted electronically by any person responsible for making payment to any non-resident after obtaining a certificate from an accountant as per Explanation in section 288 of the Income tax Act.1961 i.e., Form 15CB
Hence I understand that certificate is required for any payment made to a NR. Request you please explain why loans given should not be considered for above?
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
