Professional service recd from abroad to appoint hostess in

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ARNAB BASU (Querist)
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02 September 2011 An agency give some hostess in a Foreign Trade Fair to a company which attend the Fair. Please let me know the nature of remittance to be mentioned in Form 15CA and whether Tax to be deducted on such payment.

Arihanth Jain

Arihanth Jain (Expert)
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02 September 2011 The same should be part of business income of the foreign company who has provided the service i.e., hostess for the trade fair. The same is not liable to tax in India in absence of any business connection/permanent establishment in India.
However form 15CB/CA compliance is required irrespective of any TDS applicability on the transaction.
Hence the payment requires form 15CB from a CA.