27 June 2015
Education fees remittance by father to foregin institution at PHILIPPINES country for his son.
No need to give 15CA & 15CB, since remittance falling within the specified nature of payments (28 Nos) provided under Explanation 2 to Revised Rule 37BB.
However, i wish to give 15CB for bankers satisfaction.
For that purpose, I have doubt. a) Whether TDS is applicable or not u/s195? b) Please mention relevant section of the Act under which the remittance is covered
28 June 2015
1 TDS not applicable being the institution is non resident and rendering service outside India, no part of their income taxable in India. 2 See section 9 of Income tax Act.