suppose an insurance company is making payment to a foreign surveyor i.e. foreign survey fees and deducting 20% tds .....so is the insurance company liable to issue form 15ca &15cb??? whatever the answer plz state the reason alongwith
2 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 19 March 2013
Any entity who wants to remit foreign currency to another country, needs to furnish form 15ca and 15cb. It is mandatory. It is the rules made by the reserve bank of india. 15ca is the form to be filled in by the applicant on the nsdl website. And 15cb is like a certificate obtained from a practicing chartered accountant authenticating the nature of the transaction, in your case, surveyors fees..
Recent Topics
- TDS vs TCS who eligible to deduct tds
- E-way Bill Limit In Maharashtra
- Requirement of filing of form MSME-1
- Income tax query capital gain & exemption
- LTCG on flat
- Acquisition Cost after Merger
- Clubbing (Income Tax)
- Sales Invoice raised in feb-25 but now some materi
- Transfer of Nominee Share to Body corporate
- GSTR 4 FOR 24-25 due date of annual return
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
