Query for 15ca-cb

This query is : Resolved

dharmali vasani (Querist)
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06 October 2014 SIR,

WE HAD IMPORTED MACHINERY FROM CHINA AND FOR THAT WE HAVE TO PAY REMITTANCE IN USD

MY QUESTION IS WEATHER WE ARE LIABLE TO DEDUCT TDS ON PURCHASE OF MACHINERY IF NOT THAN WE HAVE TO TAKE 15CB IN PHYSICAL FORM AND UPLOAD 15CA ONLINE ?

IN UPLOADING 15CA ONLINE WHICH TYPE OF NATURE OF PAYMENT WE HAVE TO SELECT?

PLEASE REPLY FAST

IT'S URGENT

THANKS IN ADVANCE.

Arihanth Jain

Arihanth Jain (Expert)
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10 October 2014 For the import of P & M, there shall be no TDS. However obtain a 15cb & upload 15ca. Select Business Income Others category in 15ca as nature of remittance.