15 ca cb
shubham Pahuja (Chartered Accountant) (236 Points)
20 July 2016
Is there any TDS liabillity in case of purchase/import of Iphone from china?
4 Replies
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
tds will be attracted on services but not on product purchases....
no tds liability will come for purchasing product... TCS is applicable only on certain items not all
no tds liability will come for purchasing product... TCS is applicable only on certain items not all
shubham Pahuja
(Chartered Accountant)
(236 Points)
Replied 20 July 2016
ok thanks,whether Form 15CB has to be furnished?
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
not required for these i guess....
shubham Pahuja
(Chartered Accountant)
(236 Points)
Replied 20 July 2016
yes i am also thinking to take advantage as per S0102 code of RBI is it right?
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