As per new notification of RBI, remitter has to give undertaking as well as CA certificate for remittance in foreign currency. I would like to know that in case of purchase of raw material, liability of TDS arise? If you are paying to non resident advertisement agency for advertisement in magazine, what would be the treatment?
In certificate- Annexure B, if we import machinery, what should we comment in point 7, 8 ?
in general when we have to deduct tax of non resident in such transactions?
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