16 April 2009
“THE GOVERNMENT HAS ISSUED A NOTIFICATION DATED MARCH 25, 2009, SPECIFYING THE NEW PROCEDURE TO BE ADOPTED BY COMPANIES FOR EFFECTING REMITTANCES TO NON- RESIDENTS AND FOREIGN COMPANIES, UNDER SECTION 195 OF THE INCOME TAX ACT, 1961 WHICH WILL COME INTO FORCE FROM JULY 1, 2009.”
My Quarries are
(a) Whether any payment / payments made by Indian Representative (IR) to foreign principal, against cruise booking from Indian resident whether in Indian currency or foreign currency covered U/s 195 of the income tax act, 1961. (b) Cruises are not entering in Indian Territory, whether service tax on commission received by IR, applicable. (c) Some cruises are entering in Indian Territory, than what is the position of service tax. Send your reply on my e-mail id skg_asso@rediffmail.com, skg.asso@gmail.com
CAclubindia
