Sec 195(6) Read with New Rule 37BB

This query is : Open

GIRISH SHARMA (Querist)
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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

GIRISH SHARMA

GIRISH SHARMA (Querist)
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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