Tds on foreign exhibition payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2015 Dear Members,
Whether TDS is applicable to Proprietorship concern on payment made to foreign company for exhibition in foreign country (GERMANY). Mention section applicable to above.

CA. SHIVA SHANKARA R. SHETTY

CA. SHIVA SHANKARA R. SHETTY (Expert)
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15 July 2015 You want remit the amount from India to Germany, you have get certificate from chartered accountant in the form of 15CB. Then, you have to submit form 15CA along with 15CB.

Form 15CB regarding TDS applicability and deduction before the payment. So, TDS will be applicable.

In the absent of form 15CB, the bank will not accept your fund transfer request.

However, for reimbursement of expenses, no tds applicable.