Hi any one can tell me what are the documents need to be maintained and verified when a Chartered accountant issue 15CB.
10 Replies
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 11 October 2012
Basically a CA authorises a payment thru form 15cb/ca compliance. So all documents relating to the payment like foriegn invoice, local PO, residency certificate, PE status declaration, TDS entry etc., needs to be verified/documented.
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 11 October 2012
can i issue 15cb on the basis of invoice only
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 11 October 2012
Depends on the type of transaction. Can be done.
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 11 October 2012
my client import software from hong kong for which he remitt the money to the party
software is a copyright article so there is no need to deduct tds
but the invoice does not contain any contact no. of the party & mail Id
it only contains the invoice no , amount , item descripttion, Swift code, Bank account no of the party, date of invoice , name of the party and due date of payment
can i issue 15Cb on these basis
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 11 October 2012
Without getting into determination of TDS liability, in my view yes if invoice is authentic. However it would be appropriate if you can also get more documents like PO, management declaration etc.,
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 11 October 2012
Bank also demand for ca letter to certify that the software is import from hong kong
whether to issue such certificate
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 11 October 2012
For that you can produce Bill of lading or so.
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 11 October 2012
Bill pf Leadiing not available due to the software is downloadable online
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 11 October 2012
Then you must be having some doc from NR to prove that Client has downloaded. Something like download access doc etc.,
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 11 October 2012
thanks
how much remitance can be made by a residence to non residence during the year.
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
