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
Shubham chhajed (mumbai) (54 Points)
18 March 2013suppose 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
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..
CAclubindia
