Is form 15 CA & 15 CB applicable on payments of Imports of Goods from Foreign Country.
5 Replies
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 20 September 2013
IT IS ONLY APPLICABLE IN CASE OF REMITTANCE OF ANY AMOUNT IN THE NATURE OF INCOME, IN YOUR CASE, THERE MAY BE PROFIT ELEMENT SO ON A CONSERVATIVE BASIS IT IS ADVISED TO GET 15CA, AND 15CB FROM CA IF AMOUNT IN EXCESS OF 250,000
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 20 September 2013
Dear Gaurav sir,
in my view, the same is not required a certificate under such forms... as its rule says,"any other sum chargeable to tax under the provisions of the Act".. and i don't think you are making payment to foreign company... so, that its income is chargeable under IT act, and as the other party is not required to pay tax under IT act, thus, i think, certificate is not essential in this case...
Best Regards,
CA Lovely Arora
Lovely Arora and Associates
ca.lovelyarora @ gmail.com
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 21 September 2013
It is definitely required
CA Yogesh Chaturvedi
(Y K Chaturvedi & Co. Vasai West)
(29 Points)
Replied 22 September 2013
Ca certificate will be required for any foreign payment
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