What procedure need to comply for sole properitorship to transfer fund of $1100 for purchase of raw material to non resident who doesn't have PE in india.Whether 15CA or 15CB is required for this?
Need urgently, Thanks in advance
Praveen Kumar ( CA-Final Article Assistant) (85 Points)
01 July 2015What procedure need to comply for sole properitorship to transfer fund of $1100 for purchase of raw material to non resident who doesn't have PE in india.Whether 15CA or 15CB is required for this?
Need urgently, Thanks in advance
CA SONIYA AGARWAL
(self practice)
(3005 Points)
Replied 01 July 2015
w.e. f 1st june 2015, if any payments is made by any person to a non resident, or to a foreign company any sum whether or not chargeable to Income tax shall furnish Form 15CA & 15CB.