Sec 195(6) Read with New Rule 37BB


17 April 2009 Dear Sir,

As per New Rule 37BB, information on payments to Non-Residents & Foreign Companies has to be provided in Form 15CA & Form 15CB.

Which payments are covered ?

1. Are payments to Foreign Companies for import of Raw Materials etc are covered ?

2. Are payments for import of Capital Goods covered ?

3. Is Commission paid to Foreign Agents covered ?

Note: These Foreign Companies/Agents donot have any PE (Permanent Establishment) in India.

Earliest response is anticipated.

Regards
G. Sharma

20 May 2009 Dear Sir,

As per New Rule 37BB, information on payments to Non-Residents & Foreign Companies has to be provided in Form 15CA & Form 15CB.

Which payments are covered ?

1. Are payments to Foreign Companies for import of Raw Materials etc are covered ?

2. Are payments for import of Capital Goods covered ?

3. Is Commission paid to Foreign Agents covered ?

Note: These Foreign Companies/Agents donot have any PE (Permanent Establishment) in India.

Earliest response is anticipated.

Regards
G. Sharma



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