issue of form 3cb
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2010
Dear sir/ madam
My query is related to issue of form 3cb. One firm imports goods form x country from y , now today they wants to remit money in the y a/c of that country, the banker has asked for form 3cb, whether any tds will come in payment to that y, because here only import of goods is there, apart from that no services rendered, will this attract sec 195(2) or not? please clarofy me.
My query is related to issue of form 3cb. One firm imports goods form x country from y , now today they wants to remit money in the y a/c of that country, the banker has asked for form 3cb, whether any tds will come in payment to that y, because here only import of goods is there, apart from that no services rendered, will this attract sec 195(2) or not? please clarofy me.
09 July 2010
If remittance is only respect of purchase of goods and the recipient is not having PE as per respective DTAA and is not having Business Connection in India as per S.9 of the Act, then no need to deduct tax at source u/s 195 of the Act.
Once the income of recipient is not chargeable to tax in India, s.195(2) cannot be invoked.
Prasad Production Ltd. 129 TTJ 641 (Chennai)(SB)
Once the income of recipient is not chargeable to tax in India, s.195(2) cannot be invoked.
Prasad Production Ltd. 129 TTJ 641 (Chennai)(SB)
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 Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
