21 March 2017
We are as a part of Indian company located in Bangalore. Recently have bought one new software costing USD.50 Lacks on last May 2016 and we have submitted form 15CA and CB for the same and deducted TDS @20% and paid. As just we gone through one IT notification([Notification No. 53 /2016, F.No.370 142/16/2016-TPL]), dated June 2016, we need not pay for any payment as know how to from foreign country....1. Kindly suggest if any refund is available..?,2. what is the rule or applicability for 15CA & CB and 3.TDS deduction ..??
CAclubindia
