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For form 15 CB

19 May 2021

A outside india remittance towords, CLEARING and FORWARD CHANGES

the DTAA with that country and rate are @ 10%.

what is tax effect in india? can tds are applicable on that? is yes then RATE of tds and sec?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 20 May 2021

Yes TDS under section 195 will be applicable as per nature of the payment

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Yogendra Singh (93 Points)
Replied 20 May 2021

Nature of the payment are CONTRACT, then what is rate of tax

veerendar singh (tax consultant) (3301 Points)
Replied 20 May 2021

Take the dtaa rate

Yogendra Singh (93 Points)
Replied 20 May 2021

Can I net up amount (remittance - TDS ) in form 15CB. OR
Gross up (remittance) and TDS pay separately?

anil jain (Partner) (1072 Points)
Replied 22 May 2021

CLEARING and FORWARD CHANGES

from plain reading as per my opinion it is understood that the expenses being incurred out side India for services provided outside India therefore if there is no PE in India for said service provider then that income is not taxable in India hence no TDS arise.